Archive

  • Climate reference in UK pensions legislation would be ‘unhelpful’, argues PLSA

    19 July 2018

    A UK government proposal to require pension trustees to include climate change in their Statement of Investment Principles (SIPs) is misguided and could create more problems than it solves, according to a trade association.

  • Make climate risk reporting mandatory by 2022, says UK parliamentary committee

    04 June 2018

    Asset owners and large companies based in the UK should be forced to report their exposure to climate-related risk within four years, the country's government has been told.

  • The beginning of the end for coal investment and underwriting

    30 April 2018

    Insurers have made efforts to disengage themselves from the coal industry on both sides of the balance sheet, but climate activists say they could do more. Cintia Cheong and Nick Roumpis examine the latest developments

  • Lloyd's criteria for coal divestment fall short, say activists

    03 April 2018

    Lloyd's of London will not invest in companies that get 30% or more of their revenues from coal, generate 30% or more of their electricity from coal, produce 20 million tonnes of coal a year or operate 10GW or more of coal-fired power stations, climate activists said today.

  • Climate-related disclosure: a new dawn

    21 March 2018

    Numerous developments are helping to drive improvements in corporate reporting of non-financial issues and to raise investor expectations, says Adams Koshy.

  • "Poor" climate risk practice puts pensions at risk, claims report

    06 March 2018

    Millions 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.

  • UK parliament to weigh merits of making TCFD mandatory

    14 January 2018

    An independent audit committee is to examine whether the recommendations of the FSB's Task Force on Climate-related Financial Disclosures (TCFD) should be made mandatory by the UK government.

  • New York City files to sue five oil majors, plans $5bn pension fossil fuel divestment

    11 January 2018

    New York City has filed a lawsuit against five oil majors for damages caused by climate change, and the city's pension funds intend to divest $5 billion from fossil fuel companies, as its mayor launched a blistering attack on the firms.

  • UK pension funds advised to adopt TCFD reporting and engage on climate

    07 December 2017

    The UK's Pensions and Lifetime Savings Association (PLSA) has warned of the "severe" short-term risks to pension fund investments posed by climate change, as it releases a framework to help them mitigate climate risk and exploit opportunity.

  • CBA climate change case could have 'global ramifications'

    09 August 2017

    A legal challenge against Commonwealth Bank of Australia (CBA) for inadequate disclosure of climate change risks in its 2016 annual report could have worldwide repercussions, lawyers warned.