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Article

8 Oct 2002

Author:
U.N. Environment Programme

Financial Sector, Governments And Business Must Act On Climate Change Or Face The Consequences

Too few financial companies including banks, pension funds and insurance companies are taking the risks and opportunities posed by climate change seriously, members of the United Nations Environment Programme's (UNEP) Finance Initiatives are warning...Members of the UNEP Finance Initiatives, a unique partnership between UNEP and 295 banks, insurance and investment companies, argue that climate change-driven, natural disasters, have the potential to wreak havoc across the world's stock markets and financial centres.