Top 100 pension funds assessed on climate disclosure

This is the first segment of a four-part report assessing the global pensions sector’s response to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The report uses new data to rank the world’s 100 largest global pension funds on their approach to climate-related risks and opportunities.

This first part will explore the performance of pension funds at an individual, national and regional level, and considers the influence of climate policy debate and action on geographic performance.

The following three parts will cover specific areas from the survey and follow the structure of the TCFD core recommendations – Governance, Strategy & Risk Management, and Metrics & Targets.The report will also review feedback from pension funds on harmonising green finance standards, barriers to low carbon investment, and challenges in implementing the TCFD framework. The following three parts of the report will be published between September and November 2018. To ensure you receive the following parts, please get in touch with Peter Uhlenbruch, AODP Investor Engagement Officer, on [email protected] to be added to the AODP mailing list.

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Autor(a): Asset Owners Disclosure Project

  • Over 60% of the world’s largest public pension funds have little or no strategy on climate change, which could put them in danger of breaching their legal duties.
  • AP4, Fonds de Réserve pour les Retraites (FRR), New York State Common Retirement Fund (NYSCRF), and ABP come top in a new global pensions ranking on climate, as the three largest UK funds lag relative to the rest of Europe.
  • European funds are showing leadership; five funds in each of Sweden and the Netherlands achieved a leading rating.
  • California and New York house leading US pension funds, in spite of weak national climate regulation.
  • Less than 1% of assets of the world’s largest 100 pension funds are invested in low-carbon solutions, and only 10% of assessed pension funds have a policy to exclude coal from their investment portfolio.

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