As society focuses on what investors can do to better manage systemic climate risk, the question emerges which investors have most influence.
Slide 1 is a snap shot of the big beast investors in the energy sector, with an illustrative focus on BP
Slide 2 is a snap shot of who owns the tobacco sector, which has the been the target of a very successful divestment campaign globally.
One conclusion is that US mutual fund managers are the key to change, and especially so as the divestment movement has more success.