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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 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 $12.5 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".

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

The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.

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

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.

A year after the PRA's landmark report into the insurance sector and climate change, Environmental Finance looks at how the industry is responding.

The insurance sector is lagging behind pension funds when it comes to waking up to climate risk, a report has claimed.

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).