Schroders unveils carbon footprint investment guide
UK asset manager Schroders has launched the Carbon VAR model, a new addition to its broader investment toolkit. The model helps businesses understand how higher carbon prices could affect their profitability in the future, demonstrating that in high-risk sectors such as construction, steel and commodity chemicals, profits could fall by 80%. "The results don’t bear much resemblance to carbon footprints, underlining the dangers of assuming funds or portfolios with low footprints will be insulated if policies toughen", said Andy Howard, Head of Sustainable Research at Schroders.

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