Investors offer advice to ministers for U.K.’s low-carbon ambitions
Bloomberg
Eight asset owners have written to Prime Minister Boris Johnson and other ministers to offer their help in determining how the financial sector can contribute to the U.K.'s efforts to shift to a net-zero economy.
Signatories represent more than £230 billion ($314.7 billion) in assets and were brought together by the U.N.-supported Principles for Responsible Investment.
"Climate change is recognised as the most significant global risk facing investors," the letter said. "For our beneficiaries, it threatens their livelihoods, their retirement savings, their health, their quality of life. Even a short delay in implementing the necessary policies increases the likelihood of a disorderly transition, threatening beneficiaries' savings and the resilience of the financial system."