The financial consequences of the climate crisis are already being felt and, if unchecked, its future impact will dwarf anything experienced to date. Action on climate change can no longer be delayed.
As major long-term investors, pension schemes and their members’ future financial wellbeing are at risk. The scale and complexity of the issue mean that a tick-box exercise will not suffice. The good news now is that there is a range of practical steps available to help address the risks – and opportunities – generated by climate change.
Here, we pull together those steps into a nine-point action plan that will enable DB trustees to:
- understand climate-related risks and opportunities and assess their financial materiality;
- manage these risks and opportunities appropriately; and
- demonstrate to your members, the regulator and others that you are taking the meaningful action required.
How we can help
We help our clients understand and implement responsible investment principles.
We help trustees achieve their strategic goals, with solution-led, appropriate advice.
We help you get your investment strategy right to ensure good member outcomes in your DB and DC schemes.
We help make governance simple and effective so that you can make decisions and act on opportunities quickly.
We help pension scheme trustees and sponsors to determine the ultimate destination for their scheme and help them put together a plan to get there, including how to effectively manage the risks they face along the way.