Woodwell and Wellington talk climate risk
Photo by Eric Lee.
Woodwell and Wellington talk climate risk
When company leaders are presented with predictive maps showing the increased prevalence of drought, wildfire or flooding in their area due to climate change, one of the most common reactions is “Where did you get this information from?” according to Chris Goolgasian, director, climate research and portfolio manager at Wellington Management which has about US$1.4 trillion in assets under management.
While efforts to mitigate global warming are increasingly widespread, Goolgasian said communities and businesses around the world are under-informed and largely unprepared to adapt given a 1.5 degree Celsius increase in average temperatures is almost certain.
In a panel discussion at Conexus Financial’s Sustainability in Practice Forum at Harvard University, Goolgasian spoke with Zach Zobel, a scientist at the Woodwell Climate Research Center, about the ongoing partnership between Woodwell and Wellington.
