Investors could start mass-divesting as climate risks rise

Asia Pacific’s largest investors have not made enough progress towards addressing climate risk and should consider more drastic measures such as mass divesting to force companies to lower their carbon emissions, say industry experts. The region is home to some leaders in the management of climate risk, such as Japan's Government Pension Investment Fund and New Zealand Super. The latter’s Climate Change Report is seen as an example of what a disclosure report could look like for ot…