When pensions minister Guy Opperman stated in July last year that climate change is a "major systemic financial risk and threat to the long-term sustainability of UK private pensions", he illustrated just how vital the consideration of ESG risks has become to Britain's £2trn pension fund industry. Taking climate risk into account is already a necessity for larger pension funds, and the pressure to be ‘green' when investing is only likely to ramp up as reporting requirements strengthen for funds worth over £1bn in the coming year. By October this year, 81% of occupational pension sche...
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