Data is biggest challenge to climate risk, finds report
A lack of data availability is the single biggest obstacle facing UK financial services firms in their effort to manage climate change risk, according to research from Willis Towers Watson (WTW).
A poll of 122 global firms, including asset managers and institutional investors, was conducted during WTW’s Climate Risk and Financial Stewardship Summit.
The vast majority (80%) cited data as their top concern in the transition to a net zero economy while difficulty in making quantitative assessments (75%) and insufficient expertise (62%) also featured highly.
Furthermore, many firms do not see climate risk diminishing in the years to come and 40% predict that the level of risk will escalate over time.
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Ask Chuck: Credit for kids?
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Ask Chuck: Credit for kids?
Ask Chuck: Credit for kids? | Friday, February 19, 2021
Dear Chuck,
My 13-year-old wants a credit card since her best friend has one. Seems young to me. Would you say yes or no?
Credit for Kids?
Dear Credit for Kids,
My first reaction is, no! However, it has some potential upside, so let’s vet this a little closer.