"Funds leader BlackRock calls on investors to assess climate change impact," 6 Sept 2016

BlackRock Inc, the world's largest asset manager, said all investors should factor climate change into their decision-making and doing so would not mean having to accept lower returns…In a 16-page report…BlackRock…said risks and opportunities would come through the physical effects of climate change, technological change, as well as the regulatory and social response…In the report, BlackRock suggested higher carbon prices could limit the cost of reducing emissions and push companies to create solutions...In the meantime, BlackRock said it was enhancing its data mining efforts to reduce the risk to its investments. For instance, they calculate emissions as a percentage of a company's sales, estimate firms' exposure to income shocks from rising temperatures and calculate the sales a company generates with little physical waste. Firms that cut their carbon footprint have performed better than their peers who did not make such changes, BlackRock said…[W]ith more detailed number-crunching, BlackRock could learn how a single corporation's factories and supply lines could be affected by catastrophic weather. The risks are considerable, BlackRock said…