By Edward Robinson and Nishant Kumar, Bloomberg
British billionaire Chris Hohn of TCI Fund Management is pushing companies to provide transparency on their carbon emissions and ultimately reduce their environmental impact.
- Hohn is threatening to call on investors to fire managers and oust board members who do not make promises to reduce their carbon footprint
- Hohn is also asking banks to stop lending to companies that are ignoring the climate crisis
- Though Hohn is making calls for emissions reductions and has recently donated to the climate movement Extinction Rebellion, TCI still has investments in industries utilizing fossil fuels
- Hohn believes that the economic risks of climate change are enormous
The Climate Center’s Business of Clean Energy program helps businesses find ways to become more climate-friendly.