Document: Asset managers’ report finds climate top ESG issue

Climate change risk is the most important environmental, social, and governance (ESG) issue used by asset managers in their sustainable investment decisions, according to a new report by a sustainability investment organization that reports ESG investing now accounts for a third of total U.S. assets being professionally managed. With widening concern among financial regulatory experts that climate change poses a major threat to the U.S. financial system, pressure is mounting for more rigorous standards for corporate disclosure, including pressure for...