Climate as a force that reprices the whole portfolio.
Stranded assets represent capital trapped in investments rendered economically unviable by regulatory or technological disruption. Understanding their mechanics is essential for fiduciaries managing multi-decade portfolios.
Physical climate risk—from acute weather events and chronic environmental shifts—poses direct threats to real assets and portfolio returns. Institutional investors are integrating climate hazard mapping and scenario analysis into risk frameworks and governance structures.
Transition risk represents the financial consequences of moving to a low-carbon economy. Institutional investors increasingly integrate transition analysis into governance, capital allocation, and portfolio monitoring.
Transition risk gets the attention. Physical risk sends the bill — and a diversified owner has nowhere to send it on.
The loudest signal of 2025 was the retreat. The largest signal was the money, which kept moving the other way.
The headline departures are real. So is the capital that stayed — and the targets that still bind it.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
Five minutes, five days a week. Complimentary — subscriptions are reviewed by our editorial desk, and you'll receive a notice once approved.
You’re on the list. Tomorrow’s brief will arrive in your inbox.
Please enter a valid email.