HSBC and Met Office team up on climate change research
Published Tuesday, 14th October 2008
HSBC has teamed up with the Met Office to provide fund managers with a tool to monitor the potential impact of climate change on investment portfolios.
In addition to the Met Office the bank has also teamed up with Ernst & Young’s Renewable Energy and Environmental Infrastructure Advisory, Risk Management Solutions and New Energy Finance to create the Climate Change Research Facilitation Programme.
Samir Assaf, head of global markets for HSBC Global Banking and Markets, said:
“Climate change is set to be one of the defining investment opportunities in the years ahead. Companies are realising that they have to adapt to meet the challenges of climate change.”
Robert Napier, Met Office chairman, adds:
“The impact of climate change and weather on our world has been accepted by the finance industry as a key driver of financial decision making. Through the use of our expert research and advice, fund managers will be able to better manage their risks and adapt portfolios to meet the challenges of our changing climate.”
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