We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Review of the Sustainability and Climate Change Initiatives Within the Line of Investment Portfolios.
- Authors
Eduardo Reyes, Oscar
- Abstract
The intensity and frequency of climate disasters have been increasing dramatically over the past decade with a trend that also appears to continue. The costs associated with these events are also becoming increasingly higher. Furthermore, these types of climate disasters are assumed to be closely related to the climate change we are facing. Under this scenario, the financial sector plays a key role in the way we manage the actions against climate change. Thus, the higher the impacts of climate change, the faster the actions must be implemented. However, there is a lag between the priority of the need for actions and the actions we are implementing. Some standard risk approaches have been implemented, but there is still a remarkable difficulty in understanding and modeling the uncertainty of future impacts of climate change. In this context, other kind of efforts are necessary from a multidisciplinary perspective that aims to complement the actions against climate change in the fields of finance and investments. We provide a brief of the main existing initiatives but highlight how, although there are important and significant efforts at corporate level, the resulting initiatives are aspirational and voluntary, and thereupon, insufficient regarding the mentioned need. In this sense, the article seeks to pave the pathway towards the justification of the construction of investment portfolios with principles of environmental sustainability.
- Subjects
GOVERNMENT policy on climate change; CLIMATE change; CLIMATE change mitigation; SUSTAINABILITY; PORTFOLIO management (Investments)
- Publication
ODEON - Observatorio de Economía y Operaciones Numéricas, 2023, Issue 25, p95
- ISSN
1794-1113
- Publication type
Article
- DOI
10.18601/17941113.n25.05