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LONDON: Investors managing more than US$34 trillion in assets, nearly half the world's invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world's 20 biggest economies meeting this week.
Climate change is a growing concern in the country and globally. Although measures have been taken to address the immense problem, more can be done by regulators and businesses to tackle the issue. That was the highlight of the recent StarBiz-Institute of Corporate Responsibility (ICR) Malaysia forum, entitled Climate change vs profits: Striking a balance, which comprised panellists Intel Malaysia Sdn Bhd managing director (MD) Atul Bhargava, AirAsia X Sdn Bhd chief executive officer (CEO) Azran Osman Rani, Boh Plantations Sdn Bhd CEO Caroline Russell and Standard Chartered Bank Malaysia MD and CEO Osman Morad.
Issues related to climate change and ageing populations could potentially impact global growth and performance in future decades.
BOSTON: Major investors put U.S. industry on notice on Wednesday that climate change matters, even as reports emerged that President Donald Trump plans to withdraw the United States from an international pact to fight global warming.
Developed nations, which are some of the world's greatest polluters, should provide the technological and financial means to help poor countries fight climate change, Malaysia's Deputy Prime Minister Najib Razak said Monday.