The Chair of the cross-party Environmental Audit Committee has written to the top 25 pension funds in the UK to ask how they manage the risks that climate change poses to pension savings. The letters form part of the Committee’s enquiry into Green Finance. It follows an admission from the Department for Work and Pensions – in a letter also published – that there is widespread misunderstanding amongst trustees on the scope of their fiduciary duty in relation to environmental risks. Mary Creagh MP, Chair of the Environmental Audit Committee…
Read MoreUK MPs seek answers from pension funds on climate risk
