Climate Change Moves From Risk to Reward

By Mary L Schapiro
Dec 7, 2018 3:25 PM ET
Article

Financial players and their investors have much to gain from the shift toward greater sustainability. These investments offer a dual benefit: they lower emissions, speeding the transition to a low-carbon economy, and they can make (or save) money. People are increasingly aware of the first two pillars of sustainable investing -- risk identification and transparency. Now we need to inform them about the third: the need to drive capital toward sustainable opportunities, both at home and internationally.

To achieve that goal, major financial institutions have joined together in the U.S. Alliance for Sustainable Finance under Bloomberg’s leadership. Its members will provide the resources and expertise to identify and streamline existing climate-finance initiatives and, ultimately, help drive more capital to sustainable investments.

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