Climate-driven harvest failures are now a structural inflation driver threatening equity returns
Worsening harvests for cocoa, olive oil, orange juice and other commodities are directly underpinning inflation, which Tangen identifies as one of the biggest threats to stock markets, making climate a financial risk not just an ESG consideration.
Starks: 79% of institutional investors rate climate disclosure as important as financial reporting
Mandatory disclosure (e.g., French Art. 173) causally increases portfolio firms' climate reporting; engagement reduces downside risk, especially for climate; but data biases (voluntary CDP coverage 18-91% by region) hinder pricing.