It is difficult for investors to know which companies are most at risk from climate change, which are best prepared, and which are taking action.

M Bloomberg. TCFD Final Report. June 2017. page 2 https://assets.bbhub.io/company/sites/60/2020/10/FINAL-2017-TCFD-Report-11052018.pdf

One of the essential functions of financial markets is to support informed decision-making on capital allocation with risk priced in.