“This is because companies which can’t amend their businesses to be less carbon-intensive, or are slow to do so, will likely see their value negatively affected.
“Equally, companies that take advantage of opportunities such as the technologies and infrastructure needed to deliver the low-carbon transition, and those with ‘green’ credentials, could be more heavily favoured by investors and see their values rise.”
She adds that managing the risks of climate change – as well as seizing the opportunities in investments – will be vital to safeguard customers’ long-term savings.
Ruth Gillbe is a freelance journalist