None of the Global Pensions 100 Panel has a climate change policy in place for hiring new managers.
A recent survey of investors with some $12trn in assets commissioned by three climate change groups found pension funds served as a key driver behind changes to asset managers’ investment practices with regards to climate change. However, only 18% of the funds they questioned had an official climate change policy used to evaluate managers.
Beier Sørensen, chairman of the IIGCC and head of research and strategy at the Danish pension fund ATP said: “It is encouraging that climate change is becoming a more strategic issue with the majority of asset owners and asset managers. They increasingly view climate change as a material investment risk/opportunity. However, to address the risks and opportunities arising from climate change, investors must have the tools to take meaningful action.”
Meanwhile, our own survey of the Global Pensions 100 Panel found none had a policy in place. One respondent said: “We don’t have a formal policy but we do ask RI questions including climate change-related ones as relevant.”
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.