Financial institutions should consider the impact of climate change on daily operations and credit risk.
An article published earlier this year in The Wall Street Journal highlighted investor concern about the impacts of climate change, citing “a record of 75 or more climate-related shareholder proposals” expected at annual company meetings. Dupont investors, for example, proposed disclosure of the company’s risks from expansion of its operations in hurricane-prone areas, and nearly 30% of Starbucks shareholders voted for disclosing the coffee giant’s recycling plans.
