This article appears courtesy of Global Investor.
Once relegated to the confines of the socially responsible investing (SRI) world, climate change is coming of age. The subject fills newspapers, the airwaves and blogger sites, and has been the subject of a wave of brokerage reports from heavyweight houses such as Citigroup, Lehman and UBS. The issue is clearly not a flash in the thematic pan, but a long-term challenge that could have serious consequences on any company’s bottom line.
Ed Kerschner, US-based chief investment officer of Citigroup, says: “Climate change is in the process of going mainstream.
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