The £22bn UK Universities Superannuation Scheme has commissioned a report to assess the investment risks and opportunities of climate change.
The report has been hailed as a breakthrough for investor research by leading US shareholder activist Bob Monks following the collapse of the Kyoto protocols agreed to last year by leading industrialised countries.
Monks said: “This is the most important work now being done in the world to understand what are the opportunities, authorities and responsibilities of global investors.
“Because global investors own everything they are uniquely positioned to assume global responsibility for global problems.”
One of the possibilities being explored by USS is that the large corporations should be made responsible for providing data on their own production of greenhouse gases.
While not scientifically confirmed beyond doubt, there is a growing consensus that the industrial production of carbon dioxide, methane and other gases is trapping heat from the sun in the earth's atmosphere, and leading to climate extremes.
USS, which applies SRI policies of engagement to all its funds, is expected to hold a seminar to discuss the implications of its findings this summer.
By David Rowley
The Pensions and Lifetime Savings Association (PLSA) has revamped the standards for its Pension Quality Mark (PQM) in a bid to raise the quality of single-employer defined contribution schemes.
People approaching retirement are "systematically misjudging" their longevity and undervaluing annuities, the Institute for Fiscal Studies (IFS) says.
Professional Pensions is holding a breakfast briefing on engaging defined contribution (DC) members on 7 February.
Panellists at a PP webinar discuss October's High Court judgment on GMP equalisation, how schemes have responded, what their strategies should be, and how the industry can approach it.