With the next 15 years of climate change already determined, unprecedented variability in weather is assured.

Climate risk will increasingly be reflected in market prices, leading to a potentially dramatic repricing in a range of sectors, assets, and companies.

Climate change is not just a risk factor in the investment framework but an opportunity for active alpha generation along the path to a greener economy.

Investors can no longer ignore climate change. Yet few have a comprehensive plan to address it. We propose a portfolio-wide climate action plan for investors.