[MCN] Climate action: What pension fund trustees need to know

[Lance Olsen]

Corporate climate action: What trustees need to know <https://www.professionalpensions.com/professional-pensions/feature/3023898/corporate-climate-action-what-trustees-need-to-know>
www.professionalpensions.com <http://www.professionalpensions.com/>
https://www.professionalpensions.com/professional-pensions/feature/3023898/corporate-climate-action-what-trustees-need-to-know <https://www.professionalpensions.com/professional-pensions/feature/3023898/corporate-climate-action-what-trustees-need-to-know>

Excerpts

The 2017 global climate change analysis <https://www.cdp.net/en/research/global-reports/tracking-climate-progress-2017/business-in-action> released by CDP finds that corporates increasingly understand the serious risks that climate change poses to their business models, supply chains and physical assets.

Undeniably, there is momentum in the corporate world for increased transparency and reporting of climate risk and opportunity. Companies, investors, and pension scheme managers and trustees all want to have a better understanding of how companies are factoring climate risk and opportunity into their business models.

The price of inaction on climate could be eye watering. A recent study estimated that up to $43trn of assets will be at risk because of climate change by 2100[6] <https://www.professionalpensions.com/professional-pensions/feature/3023898/corporate-climate-action-what-trustees-need-to-know#_ftn6>. Meanwhile, by taking early action we safeguard not only the planet but also the financial interests of pension beneficiaries. For example, research last year found that the 193 companies who made it onto CDP's Climate A List produced 6% higher returns on average compared to other brands[7] <https://www.professionalpensions.com/professional-pensions/feature/3023898/corporate-climate-action-what-trustees-need-to-know#_ftn7>. 

Consumers are increasingly asking where their pension is being invested and want financial products that exclude carbon emissions intensive companies.

Catastrophic climate change and value destruction cannot be prevented without the private sector. By using corporate climate data and analysis to understand risks, protect investments and seize opportunities, fund managers and trustees are equipped to help ensure that their portfolios are well-buffered against climate risk.

Marcus Norton is chief partnerships officer and general counsel at CDP, the non-profit global environmental disclosure platform formerly known as the Carbon Disclosure Project

The Picking up the pace: tracking progress on corporate climate action <https://www.cdp.net/en/research/global-reports/tracking-climate-progress-2017> 

and the 2017 Climate, Water and Forests A Lists <http://www.cdp.net/en/scores-2017> reports are available on the CDP website <https://www.cdp.net/en>.


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“Although we are only at an early stage in the projected trends of global warming, 
ecological responses to recent climate change are already clearly visible.”

Walther et al. Ecological responses to recent climate change. 
Nature, March 28, 2002

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"A surprising result is the high proportion of species responding to recent, relatively 
mild climate change (global average warming of 0.6 C)."

Camille Parmesan. Ecological and Evolutionary Responses to Recent Climate Change.
Annual Review of Ecology Evolution & Systematics  2006

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