With Australian and global regulators calling on funds to incorporate climate risk into their overall risk framework, funds are focused on ensuring the companies they invest in do not drive up the net emissions of their overall portfolio. But assessing whether companies will be resilient in a warmer, lower-carbon world is no simple task and requires a holistic approach that takes account of the risks across the entire value chain, says Jaime Ramos Martin (main picture), portfolio manager of the global equity team at Aviva Investors, who is responsible for managing the firm’s global climate transition strategy and global equity stewardship strategy.