Many shareholders are concerned about climate change not only because of the impact on people and the environment. They are concerned because of the real and immediate risk climate changes poses to their own investments. They are concerned about the broader and longer term effects on the global economy.
In Australia (banks and power companies) and internationally shareholders are taking action to get their companies to disclose the full extent of their involvement in fossil fuels and to start working towards a low carbon economy. The good news is that there is the money for companies to play their part in fixing climate change - and shareholders are pushing their companies to do just that.