The worm is really turning! From the worlds biggest insurers, to the worlds biggest investment companies and asset managers, the pressure to address the climate issues reaches a crescendo. How long before we see some major fossil fuel or Automotive OEM's crash in on themselves? How can companies deal with increasingly stranded assets?
On the one hand it's easy to gloat, to feel relief after 12 years battling the Dark Forces (fossil fuel industry, not Darth Vader). But in an interconnected world and economy, we'll all be affected when the old economy bubble bursts. Just as in nature, the economy is in for a bumpy ride in the coming years. Let's hope we ALL recognise the seriousness of the situation and heal our planet, and transition our economies, before it's too late.
At Hyperion we build teams for the most innovative cleantech companies in the world, helping them to hire extraordinary talent, to speed up the clean energy and mobility transitions.
BlackRock Inc. said Thursday that it has joined Climate Action 100+, the world’s largest group of investors by assets pressuring companies to act on climate change, following criticism that the money manager hasn’t done enough to move the needle. “We believe evidence of the impact of climate risk on investment portfolios is building rapidly and we are accelerating our engagement with companies on this critical issue,” a BlackRock spokesperson said.