Most global investors recognise financial risk of climate change, report finds

Global index reveals 60% of asset owners are now taking some action, but warns there is still 'enormous resistance' to managing climate risk

For the first time a majority of global investor heavyweights recognise the financial risks of climate change, according to the results of a major global index rating how investors manage such risks.

But despite the advances, the Asset Owner Disclosure Project chairman, John Hewson, has warned there is still an "enormous resistance" to managing climate risk.