We consider climate change a systemic risk affecting economies, companies, and investors. Our approach to climate change is aligned with our overall philosophy of integrating all sources of risk and return in our investment processes.
As an investment manager of diversified asset classes, we consider climate change as an important area of focus. We actively engage with companies and leverage our asset ownership positions to encourage improvements in industry collaborations including Climate Action 100+, CDP, and the UNEP FI TCFD investor pilots, with the first two furthering our company engagement efforts and the latter developing a better understanding of climate related investment risks.
Our approach continues to evolve to help position our portfolios to capitalize on investment opportunities arising from an accelerated transition to a low carbon economy and manage climate-related physical and transition risks.