"A report by environmental law firm ClientEarth states that trustees are legally required to respond to climate change risk that may have a material impact on the scheme."
[COMMENTARY] This will come as a shocker to the many pension fund trustees who’ve argued against the inclusion of ESG criteria in pension fund management. It appears that both the EU and UK are seriously desiring to include it in some way in their pension fund management directives. It will not be long before much of the rest of the world does the same.
DB advisers could be sued over climate change risk, by Alex Warnakulasuriya, December 1, 2017, Pensions Expert, UK.