The Growing Case to Embed Climate Risk in Finance Teaching.
By Johannes Stroebel, Marcin Kacperczyk, Andrew Karolyi, and Lin Peng
Chief financial officers, chief investment officers and their teams are in a prime position to help embed sustainability in their organisations — from strategy and operations to financing and reporting. Yet the change required for many finance teams is substantial.
A recent survey of senior finance professionals by the charity Accounting for Sustainability suggests that the profession is responding: 88 per cent agree that it is “very important” or “essential” to transform financial decision making to address the opportunities and risks posed by environmental and social issues.
Most organisations have developed at least some tools to integrate sustainability, alongside traditional financial data, into decision making.
Read the full Financial Times article.
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Johannes Stroebel is David S. Loeb Professor of Finance at NYU Stern.