Halper, Jason, Sara Bussiere, and Timbre Shriver. "Asset Management Industry Confronts the Challenges Presented by Climate Change Transition". The Harvard Law School Forum on Corporate Governance. February 28, 2022. https://corpgov.law.harvard.edu/...
Gregory Autin | September 19, 2022
Climate change transition and a rapidly evolving regulatory landscape confront the asset management industry with considerable challenges and present risks and opportunities for investing. Asset managers must strengthen disclosure of the climate-related risks and opportunities and support “sustainability” initiatives while continuing to maximize financial returns for investors. This article suggests that asset managers consider the recommendations published by such investor-led organizations as the PRI Association, Ceres, and GFANZ until regulators issue better ESG guidance. Asset managers should also follow the Task Force on Climate-Related Financial Disclosures (TCFD) framework and recommendations, which are gaining increasing acceptance among asset managers and regulators.