The impacts of climate change are systemic and unprecedented. They’re also already apparent. While climate change has the potential to affect the global economy, the economic impacts on specific markets, regions, and investments are complex, varied, and uncertain.
When looking at climate-related risks and opportunities, we analyze and assess climate-related data, and continue to evaluate new tools and approaches for integrating this data into our investment processes.
For example, we have introduced carbon footprinting of our portfolios and implemented proxy voting guidelines that set out how we will vote on climate-related shareholder proposals. We continue to explore scenario analysis of our portfolios and actively engage with our investee companies to encourage disclosure of the impacts of climate change on their business models.
We have joined Climate Action 100+, a global network of investors engaging with companies on climate risks and opportunities. We are also official supporters of the Task-Force on Climate-Related Financial Disclosures, which is a framework for reporting on climate-related governance and strategy.
This is a good start, but there is more work to be done. We are committed to fully integrating climate change into our investment process and providing clients with climate-based solutions and reporting that meets their needs.
ESG iIf you want to learn more, we have published our full ‘approach to climate change,’ which details the actions we are taking to meet this commitment.