All climate change articles
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NewsActuaries warn biodiversity loss is a systemic financial risk
A new IFoA and Anglia Ruskin University report says nature loss and climate shocks are threatening food security, inflation and long-term financial stability.
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OpinionUSS: Bold policy is critical for a successful energy transition
Naomi Clark of the Universities Superannuation Scheme (USS) outlines the importance of investing to support the energy transition and the role of pension schemes and policymakers.
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OpinionShould pension funds use litigation as a stewardship tool?
Grace Harmon and Jamie Hanley of Labaton Keller Sucharow explore whether and how pension funds can use legal channels to hold investee companies to account over climate change and stewardship issues.
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NewsLGPS funds and Railpen to vote against BP chair at oil giant’s AGM
Railpen and the Local Authority Pension Fund Forum have signalled their intention to vote against the reappointment of Albert Manifold at BP’s annual general meeting on 23 April.
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NewsSustainability and climate expectations rising for investment consultants
The Investment Consultants Sustainability Working Group (ICSWG) has found that climate-related advisory capabilities, which were once viewed as aspirational, are now considered standard practice across the investment consulting industry.
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NewsClimate risks ‘still mispriced’ despite $1.3trn corporate exposure
A report developed by Marsh Risk and Impax Asset Management warns that physical climate risks are already affecting portfolios through asset damage, supply chain disruption, and impaired company performance.
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NewsCofE to target banks in new climate change voting strategy
The institution’s announcement has been welcomed by campaign group ShareAction and comes as multiple banks have watered down their climate change strategies in recent months.
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NewsNest pledges action against corporate climate plan rollbacks
The master trust will vote against board chairs if companies “materially” scale back climate strategies, as part of a new approach to stewardship.
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NewsIs ESG investing in the best interests of pension scheme members? [Updated]
Former Green Party leader Caroline Lucas and ex-cabinet minister Michael Gove debated climate change investing and fiduciary duty in a session at the Pensions UK Investment Conference.
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OpinionClimate change and fiduciary duty: how can trustees plan for an uncertain future?
What will be the financial impact of global temperature increases? Predicting the future is uncertain, but it doesn’t mean pension schemes can afford to put it off until later, writes Authently’s David Kneale.
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NewsLothian backs fossil fuel resolutions for Shell and BP AGMs
Three local authority pension funds have joined an international coalition of investors to file fossil fuel-related shareholder resolutions at oil giants BP and Shell.
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OpinionThe Friday Takeaway: Fiduciary duty calls
A worrying new climate change report should have the whole pensions sector thinking hard about their long-term strategies and what is in members’ and savers’ best interests, writes Pensions Expert editor Nick Reeve.
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NewsClimate change economic impact underestimated, IFoA report warns
A new report from the Institute and Faculty of Actuaries and the University of Exeter has painted a stark picture of the significant negative impact of climate change on the global economy.
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OpinionSecuring our future: Climate risk and the Pension Schemes Bill
Liberal Democrat MP Manuela Perteghella explains why her party is lobbying to include climate-related investment restrictions in the Pension Schemes Bill, as MPs debate the legislation in its third reading.
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OpinionShareAction: What pension funds must do at COP30 and beyond
Laure Philippon of campaign group ShareAction calls for pension schemes to use their clout to make sure the discussions from COP30 become meaningful action on climate change.
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NewsSchemes urged to probe asset managers’ net zero commitments
Pension schemes and institutional investors should look beyond industry pledges when assessing whether their asset managers are genuinely committed to net zero.
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NewsTPR industry working group to scrutinise ‘practical approaches’ to climate change
The Pensions Regulator is seeking feedback by 1 September on current practices and challenges to inform the industry working group’s approach.
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OpinionThe UK’s pension system needs reform – and purpose
Investing in the just transition through UK businesses can boost the economy, help the planet and improve pension outcomes, argues the Finance Innovation Lab’s Jesse Griffiths.
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News2050 net zero goals are ‘no longer realistic’, warns Ortec
New scenario analysis has shown significant economic and investment impacts if the current trajectory of global warming continues, hitting inflation, growth, equities and bonds.
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NewsBrunel leads engagement with Shell over natural gas plans
Brunel Pension Partnership, Greater Manchester Pension Fund and Merseyside Pension Fund are among LGPS organisations collaborating in a bid to put pressure on oil giant Shell over its plans to expand liquified natural gas output.