To address climate change, we need to address social inequality – BNP Paribas Asset Management

Two of the largest challenges society faces today – climate change and social inequality – could benefit from a joint approach, particularly as investors may have to navigate enhanced regulation in both areas, says Alex Bernhardt, global head of sustainability research at BNP Paribas Asset Management.

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... Climate change and inequality related to gender, race, ethnicity, age and ability are inextricably linked. Globalisation has changed the dynamics of both climate change and social inequality.

Over roughly the last 40 years, the latest phase of globalisation has generally increased inequality – measured by wealth and income metrics – globally and within many nations. Alongside this social impact, increasingly globalised trade has driven up carbon emissions, deforestation and the exploitation of resources, all of which are steady contributors to the severity of climate change.

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