• Portfolios risk seeing 50% NAV loss in worst-case scenario.
• EIOPA has already taken some steps to address climate risk.

Frances Schwartzkopff highlights the important points raised by Noël Amenc, a professor at the EDHEC Business School, and Frederic Blanc-Brude, director of the EDHEC Infrastructure & Private Assets Institute, in an Open Letter to the European Insurance and Occupational Pensions Authority.

“Noël Amenc, a professor at the EDHEC Business School, and Frederic Blanc-Brude, director of the EDHEC Infrastructure & Private Assets Institute, warn that some pension firms and insurers may see their portfolio values halved before 2050 due to the physical fallout of climate change.”

Read this story on Bloomberg.com

Our open letter to Petra Hielkema, the chair of EIOPA can be found here.