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 Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).
Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Barnett Waddingham's head of business development Adrian Cooper has left the consultancy to join TPT Retirement Solutions in a newly-created role.