Extract from the Cornerstone Journal of Sustainable Finance & Banking, January 2014 written by John Wilson, former Director of Corporate Governance at TIAA-CREF and the Director of Socially Responsible Investing at the Christian Brothers Investment Services. Subscribers can view the full article in the January edition.

The social and economic impacts of climate change may be much larger than currently expected, but impossible to predict. For this reason, it is impossible to say with confidence that human society could adapt to a 4 degrees (celsius) warming scenario, a realistic possibility given current scientific understanding.