The threat is truly global. Summertime, the season longed for by schoolchildren everywhere, may become a time of increased danger and stress. Taking these projections on board is becoming important for all of us, wherever we live.
Emerging market investors in particular, however, will want to factor likely climate scenarios into their long-term analysis.
Despite our knowledge and better instincts, the slow onset of global warming, the high cost of combating or mitigating it, and its less immediately tangible impacts have made deferring action the default human response.
There is still time to act, but the longer we delay, the higher the costs will be and the slimmer our chances of achieving success.
We encourage all investors to make climate change a core theme of their interactions with businesses: all companies, not only those we invest in, must begin to focus on adapting for the rougher weather ahead. We all need to get some shelter.
Gary Greenberg is head of global emerging markets at the international business of Federated Hermes
