Not all of UK’s pension funds taking climate risks into account

The Environmental Audit Committee said six out of 25 industry leaders do not formally consider climate change as a strategic danger

New York appoints first-ever decarbonisation advisory panel

The trustee of the $209.1 billion (£151bn) Retirement Fund will be advised on how best to mitigate investment risks stemming from climate change

Norwegian pension giant launches fossil free fund

A Norwegian pension giant has announced the launch of a €1.1 billion (£0.9bn) fossil free fund. Storebrand, Norway’s largest private investor with a 34% share of its pension market, says the fund does not invest in companies where more than 5% of revenue comes from fossil fuel production and distribution. It is also calling on […]

New York State’s pension fund goes green

New York State’s pension fund has joined a multi-trillion dollar decarbonisation portfolio. The New York State Common Retirement Fund (CRF), which is the third largest public pension fund in the US and has $184.5 billion (£147.2bn) in assets, is the first major group of its kind to join the Portfolio Decarbonisation Coalition (PDC). The portfolio has more […]

Southwark Council pension fund to divest from fossil fuels

Southwark Council has announced it will divest its pension fund from fossil fuels. The decision will make the £1.2 billion fund the largest local government pension scheme to move away from coal, oil and gas. Councillor and Chair of the pension fund Fiona Colley suggested divestment will be steady and gradual, with the council also exploring the potential of clean energy investments. […]