Pensions funds quizzed by EAC on investment strategies and climate change

The Environmental Audit Committee is asking pension funds how they manage climate risks following evidence of “widespread misunderstanding” among trustees

Calculator with pension on screen sitting on a graph
Climate change not seen as a financially material risk by pension managers, says DWP 

Pension funds have the potential to invest “significantly” in decarbonisation but do not do so due to confusion over their fiduciary duties, the Environmental Audit Committee’s inquiry on green finance has heard.

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