IPCC reaction: Capital and environment at risk if adaptation not addressed now

The calls follow the publication of a report from the Intergovernmental Panel on Climate Change (IPCC) yesterday (28 February), which warned climate impacts will increasingly disrupt economies and societies. Adaptation was a key theme in the report, prompting United Nations Secretary-General Antonio Guterres to say: "Adaptation and mitigation must be pursued with equal force and urgency." A spokesperson from the international business of Federated Hermes' Responsibility team cautioned that shareholders' capital is at substantial risk over the long term if companies do not adapt to the cl...