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UK Department for Work and Pensions issues draft climate rules
25 October 2021The UK's Department for Work and Pensions (DWP) has tabled draft rules that would require pension schemes to measure and report on their investment portfolios'...
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BlackRock: climate risks are not being priced-in
04 April 2019The world's largest asset manager BlackRock has found evidence that physical climate risks are not being priced into investments, in a report that is expected to deliver "a thunderbolt for investors".
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UK Shell pension fund threatened by ombudsman complaint
08 October 2018The £16 billion ($20.9 billion) Shell Contributory Pension Fund (SCPF) could see a complaint against it lodged with UK’s Pensions Ombudsman for not giving enough proof of how it manages climate-related risks in its investments.
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Majority of world’s largest pension funds neglect climate risk, says AODP
10 September 2018Nearly two thirds of the world’s largest pension funds have little or no disclosed strategy on climate change, potentially putting them at risk of breaching their fiduciary duty to savers, according to a study by the Asset Owners Disclosure Project (AODP).
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"Poor" climate risk practice puts pensions at risk, claims report
06 March 2018Millions of pension savers in the UK are at risk of significant losses due to lack of action from pension providers and their regulator on climate risk, a report has claimed.