<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class="">Financial Advisor magazine<div class=""><br class=""></div><div class=""><h1 style="margin: 0px; padding: 0px; font-size: 18px; font-family: "Open Sans", Arial, Helvetica, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);" class="">Climate Change Could Sandbag Investment Portfolios In 2019</h1><p style="margin: 0px 0px 18px; padding: 0px 5px 0px 0px; line-height: 20px; font-family: "Open Sans", Arial, Helvetica, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);" class=""><span class="times" style="font-size: 9px; text-transform: uppercase; font-weight: bold; display: block;">DECEMBER 12, 2018 <span class="byline">• <span class="author-macro"><a href="https://www.fa-mag.com/author/16/karen_demasters" rel="author" style="color: rgb(0, 173, 238); text-decoration: none;" class="">KAREN DEMASTERS</a></span></span></span></p><div class=""><a href="https://www.fa-mag.com/news/climate-change-could-threaten-investments-42339.html" class="">https://www.fa-mag.com/news/climate-change-could-threaten-investments-42339.html</a></div><div class=""><br class=""></div><div class="article-body" style="margin: 0px; padding: 0px; font-size: 12px; font-variant-ligatures: normal; orphans: 2; widows: 2;"><p style="background-color: rgb(255, 255, 255); font-family: "Open Sans", Arial, Helvetica, sans-serif; margin: 0px 0px 18px; padding: 0px 5px 0px 0px; font-size: 14px; line-height: 20px;" class=""><b class="">Excerpts </b></p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 18px; padding: 0px 5px 0px 0px; font-size: 14px; line-height: 20px;" class="">2019 may be the year climate change really begins to affect investments, says Jessica Ground, global head of stewardship at Schroders.</p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 18px; padding: 0px 5px 0px 0px; font-size: 14px; line-height: 20px;" class="">Because of that, investors would be wise to pay attention to the possibilities when they put their money into particular projects or sectors, said Schroders, an asset manager based in London that focuses on sustainable investing.</p><div class=""><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 18px; padding: 0px 5px 0px 0px; font-size: 14px; line-height: 20px; font-variant-ligatures: normal;" class="">Investors often neglect to thoroughly understand just how vulnerable a company’s physical assets and infrastructure are to severe disruption and damage as a direct result of drastic weather patterns</p><p style="background-color: rgb(255, 255, 255); margin: 0px 0px 18px; padding: 0px 5px 0px 0px; font-size: 14px; line-height: 20px; font-variant-ligatures: normal;" class="">The growing influence of young people will put pressure on governments in terms of policy decisions and on corporations in terms of providing solutions to climate-related changes. Raising taxes on many fronts to deal with the problems may also pose a risk to corporations, Ground said.</p><p style="margin: 0px 0px 18px; padding: 0px 5px 0px 0px; font-size: 14px; line-height: 20px; font-variant-ligatures: normal;" class=""><span style="background-color: rgb(255, 255, 255);" class="">“</span><span style="background-color: rgb(255, 251, 0);" class=""> For example, carbon taxes continue to increase, although not at the rate we believe is effective enough to really combat climate change,”</span><span style="background-color: rgb(255, 255, 255);" class=""> Ground said. </span><span style="background-color: rgb(255, 251, 0);" class="">“It doesn’t feel as if the world is quite going to be ready for meat taxes in 2019, but given the benefits for health and the environment we wouldn’t rule it out over the medium term.”</span></p></div></div><div class=""></div></div><div class="">
<div style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;">=————————————————————------===-------------------------------------------------=<br class=""><br class="">“Full of recent references and statistics, Harvesting the Biosphere adds to the growing chorus of warnings about the current trajectory of human activity on a finite planet, of which climate change is only one dimension. <br class=""><br class="">“One can quibble with some assumptions or tweak Smil’s calculations, but the bottom line will not change, only the time it may take humanity to reach a crisis point.”<br class=""><br class="">Stephen Running. “Approaching the Limits” Science 15 March 2013.<br class=""><br class="">Book review. Harvesting the Biosphere: What we have taken from Nature. by Vaclav Smil . MIT Press, Cambridge, MA, 2012. 315 pp. $29, £19.95. ISBN 9780262018562.<br class=""><br class="">=————————————-----------------------===—----------------------------—————————=<br class=""><br class="">“Man … is alone, abandoned on earth in the midst of his infinite responsibilities, without help, with no other aim than the one he sets himself, with no other destiny than the one he forges for himself on this earth.”<br class=""><br class="">Jean-Paul Sartre (1905-1980)<br class=""><br class=""></div>
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