Schroders: World accelerating towards a climate impact 'cliff edge'

Warning ahead of Climate Progress Dashboard launch

Schroders has become the latest high-profile investment firm to warn the global economy faces catastrophic risks unless urgent action is taken to tackle climate change.

The asset management giant, which manages $520bn of assets globally, yesterday launched a new "dashboard" designed to help investors better understand complex climate-related investment risks, arguing that without urgent action the world was "accelerating towards a cliff edge". The dashboard was accompanied by a briefing paper which contained a series of stark warnings over the growing impact of climate change on investment returns and the huge threat to globally economic stability that could escalate over the course of the century. "Climate change will be a defining driver of the glo...