The European Parliament, for instance, proposed legislation that obligates companies to conduct environmental and human rights due diligence.
Companies in Asia are catching up with their Western peers in adopting environment, social and governance (ESG) practices, said Loh Boon Chye, CEO of the Singapore Exchange.
From supply-chain disruptions to lethal conditions for outdoor workers, the risks to business are multiplying and those in positions must make up for lost time, say Michel Fredeau and Jules Kortenhorst.
Once a rarity and easily rebuffed, shareholder votes on environmental issues have become increasingly common elsewhere and have helped to force corporate and financial change in the United States and Europe.
Climate-related financial risks may directly impact both central banks’ counterparties and financial assets used in monetary policy operations, and can also generate financial losses for central banks’ balance sheets.
The commodity and energy sector, within the Australian Core Strategies universe, average return during this period was 23.37%.