Sackers comments on MPs questions to pension funds on climate risk
Stuart O’Brien, partner, comments on a predicted ‘multi-pronged attack’ to push environmental concerns higher up trustee agendas after MPs probe pension funds on their approach to climate change risk.
Stuart O’Brien agrees that there is still some misunderstanding and misinterpretation of trustees’ fiduciary duties however, he considers, “trustees have a lot of things to think about, and limited governance time to do that”, so “even where trustees consider that ESG is a financial risk issue, not simply a moral or ethical viewpoint… they don’t necessarily devote a lot of time to it”.
Read the full article in Pensions Expert.
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