Climate change represents an urgent and potentially irreversible threat to humankind and EFGAM considers it to be one of the defining issues of our generation. As all the challenges it presents both risks and opportunities that can affect Society as a whole and our business. We recognise the financial sector can play an important role in supporting a just transition to a less intensive carbon economy. EFGAM aims to be a leader in this field and we think it’s our responsibility to act to measure, identify and manage climate-related risks and opportunities on behalf of our clients. As such EFGAM supports initiatives such as the Task Force on Financial Climate related disclosures, Climate100+ and the Paris agreement.
Climate change might increase future liabilities and creates physical and transition risks. As an investor we think it’s part of our fiduciary duties to develop tools and processes that can help us protecting our client’s wealth. Coherently with this approach we also need to provide consistent and effective financial reporting that enables all stakeholders to adequately assess the climate risks faced by businesses and to profit from climate-related opportunities.
This document explains the actions EFGAM has taken and outlines the path for future activities.