✒️ In the latest ‘Institutionnels’ newsletter from the French Association of Institutional Investors (Af2i), you can read an article by Pierre Giai-Levra, President of Anaxis AM and responsible for ESG matters, focusing on climate risks and their impact on financial portfolios:
🔹 A specific analytical framework
🔹 A dedicated management approach and tailored objectives
🔹 The direct impact on corporate profitability, financial resilience and cost flexibility
🔹 Correlation and risk transmission effects throughout the value chain
🔹 The demanding exercise of probabilities and scenario analysis
🔹 The example of the carbon tax
🗨️ Excerpt:
“Taking climate risks into account in investment decisions is not an ‘extra‑financial’ issue. This approach is not driven primarily by ethical considerations that would constrain investors’ return expectations or conflict with financial rationality. Although climate risks originate from a different source (an unprecedented ecological crisis), they translate into potentially worrying value losses and must therefore be integrated at the very heart of financial analysis.”
Read the full article below (FR) ⏬