Climate change is an urgent threat to economic progress, global food security, our natural systems, and livelihoods. Many communities are already experiencing increased climate impacts: wildfires from extreme heat and moisture loss; devastating floods from extreme rain events and typhoons.
​
The World Economic Forum’s Risk Report ranks these environmental threats at the top of their list. In 2021, the generally conservative UN Science body, the Intergovernmental Panel on Climate Change (IPCC) issued its sixth assessment report (AR6), which is an urgent call to action. Atmospheric CO2 levels are higher than at any time in at least 2 million years and it is now unequivocal that human influence has warmed the atmosphere, ocean, and land. Unless drastic action is taken, we will fall far short of the upper limit of the 2°C climate threshold agreed in the Paris Agreements. Trillions of dollars annually and concerted action are needed to effect the transition to net zero by 2050, which is where we must be.
Trillions of Dollars Needed Annually
Climate Change: Both Risk and Opportunity
Major shifts in consumption patterns, technologies and regulation will be needed to drive the substantial and sustained reductions in GHG emissions required. We will also need to adapt to our changing climates. This represents both risk and opportunity to our portfolio companies. As risk managers we must quantify the risk climate change represents to our investments, while as asset allocators we can play a role in supporting transition to a low carbon and climate resilient economy.
Britto Overseas Holdings supports research, education and targeted action on climate and its related components such as land use, air pollution and water scarcity.
​
BOH initially aim to fill a credit gap in the Phillipine market. SMEs are critical to the economy yet struggle to access finance given perceived risk, smaller amounts and longer tenor needed. BOH will help build new sustainable business models as proof of concept for banks and other potential lenders.
