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As long-term and diversified investors, pension funds are exposed to a variety of financially material climate-related risks and opportunities. In addition to physical risks such as extreme weather events and long-term climate system changes, pension funds also face...

Behind 2014 and 2012, 2017 was the third-warmest year recorded since 1894. The trend of global warming has coincided with a torrent of weather-related disasters, and 2017 was no exception. Across the planet, droughts, floods, raging forest fires, and hurricanes...

Climate catastrophe losses have been a feature of the insurance industry for years – the Hiscox results this week were a timely reminder that these events have real implications for earnings, profits and business strategy. Climate events made sure 2017 was an...

Christiana Figueres, the former Executive Secretary of the UN Framework Convention on Climate Change, is fond of reminding investors that global carbon emissions must peak in 2020 and bend steadily downwards thereafter. It’s a daunting proposition but the investment...

We review the logic behind Norway’s central bank’s proposal to reduce the exposure of the Government Pension Fund Global (GPFG) to quoted oil and gas equities.

“Events dear boy, events” was the famous quote by former UK Prime minister Harold MacMillan and has since been used as a paraphrase for every situation where planning and scope management are taken over by reality. This is the world of the FSB Task Force on Climate...

Over a year ago, we released our third Global Climate 500 Report. We found that close to 85% of investors were doing little or refusing to disclose their strategies, and only 2% of investors could calculate their emissions intensity. Meanwhile, the leaders were...

Back in the mid 90’s, managing pension fund capital had to be a relatively peaceful job. They had billions of dollars under management but few customers or members seriously questioning how they did it and no true competitive market where customers walk if they don’t...