95% of European pension funds ignore climate change impact: Mercer.
"With NASA stating that April 2017 was the second hottest since records began in 1880 (with 2016 the hottest), Mercer′s recent report has found that only 5% of 1,241 European pensions schemes have considered the investment risk posed by climate change. As a result the consultancy has called for ’more urgency from the industry’ to address the issue. The 2017 report – Mercer′s 15th edition – gathers information from 1,241 institutional investors across 13 countries, reflecting total assets of around €1.1 trillion."
[COMMENTARY] These findings are surprising given the relatively high level of purported integration of ESG by European money managers. It would be interesting to hear from Mercer and the compilers of other relevant studies as to why there is this apparent contradiction.
95% of European pension funds ignore climate change impact: Mercer, by Gary Robinson, June 26, 2017, International Investment, UK.