The world's business leaders and politicians are sounding the alarm on climate change, citing environmental-related issues as their most significant concerns in the coming decade that could wreak costly economic and societal havoc.
Just a year ago, the environment was front and center in the WEF’s report, alongside worries about data fraud or theft and cyberattacks. The sobering reality, according to the report, is that there's only a decade to act to mitigate the potentially catastrophic consequences in a meaningful way. "Reaching these targets will require serious, interconnected economic and societal transitions at macro and micro levels that depend on technological innovation and commitment from governments and businesses,” the WEF report said.
The WEF report comes just a day after BlackRock, the world's largest asset manager with $6.84 trillion in assets under management, announced it was making climate change a central part of its investment process and portfolio construction.