Climate risk pricings are 'approximations' at best, but they cannot be ignored: Temasek risk head
Robert Mainprize says there is some degree of correlation to companies that have a lot tied to ESG currently and the amount of money they spend on business relations
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Wong Pei Ting
THE way Temasek quantifies climate risk based on an internal carbon price assumption of US$42 per tonne is a generalised technique that comes with "all kinds of problems", but it is a "small step on a very long journey" the state investor is on to work out a better approach.
Temasek's head of risk management Robert Mainprize made these remarks at a Ecosperity Conversations session held in partnership with the CleanEnviro Summit Singapore 2022 on Wednesday (Apr 20).
The session is part of Temasek's series of year-round, focused dialogues on sustainability megatrends and topics.
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