JOHANNESBURG – The financial sector and big business need to invest more on low carbon economy to better fight the impact of climate change.
That’s according to Shameela Soobramoney, Senior Manager Group Strategy and Sustainability at the Johannesburg Stock Exchange.
She was speaking at the Global Climate Action Summit in San Francisco. Step up and do more was the call to different stakeholders globally to fight climate change.
The financial sector and industry have been challenged to walk the talk of investing in climate-friendly projects and economy.
“The financial sector being the conduit of huge amounts of money that supports is the oil of the economy, has a huge role to play in understanding the risk potentially posed by climate change,” Soobramoney said.
“Starting to change what we invest in and hopefully contribute to a lower carbon economy by what we choose to invest in… How well we understand the risks and opportunieties related to climate change will be a big role that the financial sector has to play."