When Lloyd of London began warning about fossil fuel risks, the financial world took notice.
From Peak Oil to Stranded Assets
Today the greater worry is stranded assets: fossil fuel reserves that may never be extracted because climate policies make them uneconomic.
Insurance Industry Climate Action
Underwriting losses from extreme weather have soared, with 2024 seeing over $100 billion in insured catastrophe losses.
Financial Sector Climate Risk
Central banks now consider climate change a systemic financial risk.
Investor Pressure
Institutional investors managing over $150 trillion have joined climate action initiatives.
The Transition Risk
Companies slow to adapt face both physical climate risks and transition risks as carbon-intensive business models become obsolete.