Financial Analysis for a Changed World

Our expertise lies in identifying and analysing the impact on investment value that the climate crisis is already exerting, and how this is likely to play out over longer time horizons.

Research

Crash of the Titans

Institutional equity investors have lost $3 billion on Indian coal companies between 2016-2020. HDFC Mutual Funds, Reliance Nippon, LIC, ICICI Prudential, DSP, Blackrock, Fidelity and Vanguard are among investors that have seen their equity holdings in coal mining and coal-based power companies underperform the benchmark S&P BSE Sensex by between 13% and 40% p.a. since 2016.

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News & Events

Press Release

In the News

Institutional equity investors have lost $3 billion on Indian coal companies since 2016

06 Feb, 2021

February 5, 2021: Leading Indian and institutional investors have cumulatively lost $3 billion / ₹ 22,900 cr. on underperforming companies with a high exposure to the coal sector since 2016, according to analysis (1) by...

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WHAT WE BELIEVE

Financial stability is dependent on ecosystem stability.

The climate crisis poses threats to both financial and environmental systems. These threats arise directly from climate change itself, and indirectly from changes in the socio-political economy that are propelled by the climate crisis.

Given the over-arching nature of climate change impacts, risks manifest in varying ways, from changing physical conditions due to altered weather patterns to evolving policies impacts and the loss of social license for industries that were once considered foundations of the economy.

OUR TEAM

Ashish Fernandes

Ashish Fernandes

CEO & Lead Analyst

Vinuta Gopal

Vinuta Gopal

Director

Brikesh Singh

Brikesh Singh

Director

Harshit Sharma

Harshit Sharma

Lead Researcher

Get in Touch

Climate Risk Horizons
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Bangalore 560055
Karnataka, INDIA