Code Red: Investors Must Do Their Part

There are pathways out of the “code red for humanity”, and all Canadian investors have to play their part to hold companies accountable.

Ruth Saldanha 17 August, 2021 | 1:45AM
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Hourglass in Hand

Last week, the latest Intergovernmental Panel on Climate Change report, titled Climate Change 2021: The Physical Science Basis, found that, unless there are immediate, rapid, and large-scale reductions in greenhouse gas emissions, the ability to limit warming to close to 1.5°C or even 2°C will be beyond reach.

In response, UN Secretary-General António Guterres released a statement saying the IPCC report “is a code red for humanity” and “This report must sound a death knell for coal and fossil fuels, before they destroy our planet.” He added that the climate crisis poses enormous financial risk to investment managers, asset owners, and businesses, which should be measured, disclosed, and mitigated. 

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About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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