Pension funds should disclose how they are managing these risks. We have been helping a member of the Shell pension fund in his efforts to get proof that the fund is adequately managing its climate-related 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
A groundbreaking new ClientEarth opinion poll reveals that the British public wants urgent action on climate change.
Trustees warned their actions will be evaluated against evolving market standards and growing evidence.
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.
PLSA calls for climate change risk to be omitted from trustees’ duties but too many are still worryingly under-informed about climate risk.
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.
UK financial regulators are under pressure to issue much-needed guidance on climate risk reporting.
UK asset managers surveyed for Ownership Day believe oil companies will suffer as energy markets go clean.
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
“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.
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.
Better climate reporting, clarity on investor duties and stronger oversight could pave the way for a greener finance sector.
Persistent failure by pension funds to recognise material ESG risks leads to landmark reforms.
ClientEarth’s Company and Financial Project brings legal interventions designed to integrate climate-related financial risks into corporate and financial decision making.
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.
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.
Given the climate-intensified destruction present in so many continents today, faith leaders must question their investments in fossil fuels.
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.
A new report from institutional investors calls for greater clarity and vision from the UK government on its low carbon strategy. ClientEarth agrees.
Leading QCs confirm pension trustees have a legal duty to consider climate in investment decision-making.
New legal guidelines set out by environmental lawyers ClientEarth will enable trustees to take control of how their shares are voted at AGMs.
Landmark EU law says pension funds must consider climate as a possible investment risk.
A new report has revealed UK pensions industry professionals are placing members’ savings in jeopardy by ignoring climate-related financial risk.