Isis works on climate change

A leading UK fund manager is working with the government on the corporate risks posed by climate change.

Isis Asset Management has begun a research project on the ‘material risks of biodiversity’ with the Department for International Development and the environmental research group Earthwatch. Findings are expected to be published in mid-2004.

Isis, which was created in 2002 by the merger of Friends Ivory & Sime and Royal & SunAlliance Investments, has £63.5billion ($120bn) under management.