Majority of world’s largest pension funds neglect climate risk, says AODP
Nearly 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).
ShareAction takes over Asset Owners Disclosure Project
ShareAction has taken over leadership of the Asset Owners Disclosure Project (AODP) to further its responsible investment message in US and Australian markets.
Asset owners with $12.5trn of AUM warned on climate change
Asset owners with $12.5 trillion of assets under management (AUM) are still failing to demonstrate they are taking action to mitigate climate risk, and have been warned "the time may be approaching when it is too late to avoid portfolio losses".
Insurers' strategic responses to climate change
The third and final part of this series of features about the insurance sector looks at group level responses to climate change. Peter Cripps reports
TCFD Reaction: 'Turning point for climate disclosure'
The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.
Investing in a changing climate
Insurers are increasingly factoring climate change into their investment decisions. But they are only at the start of a long learning process, finds Peter Cripps. This is the second part of a three-part series on how insurers are dealing with climate change
US insurers 'turning blind eye to climate change'
Many US insurers are still turning a blind eye to climate change, with less than 20% attaining high scores for their climate risk reporting, a study has warned.
Insuring in a changing climate
A year after the PRA's landmark report into the insurance sector and climate change, Environmental Finance looks at how the industry is responding.
Insurers lag pension funds when it comes to tackling climate change
The insurance sector is lagging behind pension funds when it comes to waking up to climate risk, a report has claimed.
Half of asset owners still taking no account of climate change risk, says survey
Almost half of institutional asset owners are failing to acknowledge the risk climate change could pose to their portfolios, according to The Asset Owners Disclosure Project (AODP).