To ask whether climate change investment risk is a risk worth considering is to miss the point.

Whether you, as an individual or institutional investor, believe climate change to be a risk to your portfolio, the fact is that it’s a perceived risk by many. And that means companies and other investors are factoring it into their decision-making. It means it has the potential to move markets and affect your portfolio. And therefore, by definition, it is a risk worth considering.

This is a message I find myself delivering to clients and colleagues time and again. Now, I’ve read the columns in the financial press, listened to the politicians on both sides of the debate and had many private conversations with experienced, long-time investment professionals. What I’ve realized is that somewhere, with all the back and forth, many have lost sight of what is a fundamental building block of investing. There have always been, and always will be companies, industries and countries that certain investors would rather not think about — that they don’t like for one reason or another — but they still have to account for them when making decisions about portfolios.

The Breakfast Club of investor types

These conversations I mentioned earlier have led me to see clients breaking down into three stereotypes. With apologies to John Hughes, I offer how I see them “in the simplest terms, in the most convenient definitions.”


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