Pensions archive

  • Bank of England

    Financial regulators step up to present united front on climate risk

    The Bank of England’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have today released statements on the systemic impact of climate change to UK financial markets

  • Lighthouse waves seawall

    British public supports urgent action and litigation on climate change – poll reveals

    A groundbreaking new ClientEarth opinion poll reveals that the British public wants urgent action on climate change.

  • seagulls brighton pier

    Top UK pension funds put on notice over climate risk

    Trustees warned their actions will be evaluated against evolving market standards and growing evidence.

  • Gold Coast, Australia

    Twenty-three year-old takes his pension fund to court over climate change

    In a first of its kind case, a pension fund member in Australia has taken their fund to court over a lack of information on what it knows about the impact of climate change on his investments and what it is doing about it.

  • shades of blue ocean rocks ladder

    Dropping climate reference in new pensions law would be “hugely irresponsible”

    PLSA calls for climate change risk to be omitted from trustees’ duties but too many are still worryingly under-informed about climate risk.

  • ‘Lightbulb moment’ as climate risk hits the mainstream for UK pensions industry

    The UK government has recommended pensions law require providers to consider climate risk in core investment decision-making, in what would be a breakthrough for the financial system.

  • side of cheesegrater with reflected gherkin

    MPs and lawyers call on government: time to crack down on corporate climate inertia

    UK financial regulators are under pressure to issue much-needed guidance on climate risk reporting.

  • oil platform silhouettes orange lilac sunset

    Global oil giants to lose value within five years – UK asset managers

    UK asset managers surveyed for Ownership Day believe oil companies will suffer as energy markets go clean.

  • floating ice

    Auto-enrolment pension savers could face significant losses due to poor climate risk practice

    A new report by ClientEarth and ShareAction has revealed that millions of pension savers may face significant future losses due to lack of action from pension providers and their regulator on climate risk

  • silver birch fronds snowy trees

    “Now is the time to turn it around” – lawyers and regulators say actuaries must do their homework on climate risk

    Climate risks can pose a threat not only to individual businesses but to economic stability as a whole. Actuaries occupy a unique position in advising the financial world on how to tackle it.

  • Image shows a rain storm over a wheat field

    Climate risk: ClientEarth lawyer urges two-year deadline

    Industry and regulators should be given until 2020 to boost climate risk disclosure, or face government intervention, a senior ClientEarth lawyer told the Commons Environmental Audit Committee (EAC) today.

  • Finance experts’ recommendations on climate could prove “transformational” for Europe

    Better climate reporting, clarity on investor duties and stronger oversight could pave the way for a greener finance sector.

  • teasels-against-sunrise-blue-pink-steam-trails

    UK pensions law reform will “sweep climate confusion off the table”

    Persistent failure by pension funds to recognise material ESG risks leads to landmark reforms.

  • mountain lake

    Pensions resources

    ClientEarth’s Company and Financial Project brings legal interventions designed to integrate climate-related financial risks into corporate and financial decision making.

  • delicate dry twigs against blue background

    “Earth to trustees” – climate risk guidance for pension funds is now available

    Until now, the pension industry has been missing a comprehensive ‘how-to’ for the day-to-day management of climate risk. The PLSA has worked with ClientEarth to publish one.

  • autumn leaves

    New reports bring to light climate liability risks facing pensions advisers

    Climate risk is present throughout the investment chain and so too is the responsibility to monitor and manage it. New legal research sheds light on how climate risk affects the advice consultants and actuaries provide to their pensions clients.

  • scarlet cloud sunset over dark landscape

    Lawyer to faith investors: “never has your voice been needed more”

    Given the climate-intensified destruction present in so many continents today, faith leaders must question their investments in fossil fuels.

  • colourful beach huts in brighton

    Four out of five UK local council pension funds silent on climate risk despite warning

    Those who invest need to take stock of climate risk – and then manage it if necessary. But new findings show the vast majority of the UK’s local government pension schemes are still not doing so.

  • Image shows power lines over a field

    Investors need clarity on UK low carbon strategy

    A new report from institutional investors calls for greater clarity and vision from the UK government on its low carbon strategy. ClientEarth agrees.

  • Pension trustees could face legal challenge for ignoring climate risk – leading QC confirms

    Leading QCs confirm pension trustees have a legal duty to consider climate in investment decision-making.

  • lights suspended staircase

    New report empowers investors on AGM climate voting

    New legal guidelines set out by environmental lawyers ClientEarth will enable trustees to take control of how their shares are voted at AGMs.

  • jetty over shoreline

    New law says pension funds must assess climate risk

    Landmark EU law says pension funds must consider climate as a possible investment risk.

  • Forth Bridge in South Queensferry

    New report: UK pension pots jeopardised by disregarded climate risk

    A new report has revealed UK pensions industry professionals are placing members’ savings in jeopardy by ignoring climate-related financial risk.

  • Brexit will distract investors from climate risk, says former Law Commissioner

    Former Law Commissioner warns investors to resist being blinkered by Brexit and stay focused on climate risk, at conference co-hosted by ClientEarth.