Artemas Wealth Management

IMF warns investors: you’re not ready for climate change

July 8, 2020

Investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure, according to the International Monetary Fund.

Source: Bloomberg May 30 2020

As global temperatures rise, severe climate events may impact companies owning assets in areas hit by drought, floods, wildfires and storms, the fund said Friday in the latest chapter released from its Global Financial Stability Report. At present, asset prices fail to reflect the risk of extreme weather events that may cost $1 trillion annually starting in 2050, the IMF said. Continue reading here:

 

This information is of a general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. Past performance is no guarantee of future returns. While every effort has been made to ensure the accuracy of the information that we have provided, it is not guaranteed. You should obtain professional advice before acting on the information contained on our website.
menuchevron-downcross-circle