Pension fund portfolios and climate risk: investing responsibly to mitigate climate risk
Today's Trustee
28 November 2019
News
Implications of climate change for pension funds
IOL
5 November 2019
Pension funds at risk as tide turns against carbon-polluting industries
Business Maverick
13 August 2019
Watered-down rules show regulators aren’t serious about reining in corporates
South African regulator drops mandatory ESG directive for pension funds
Responsible-Investor.com
24 June 2019
OPINION: Pension fund boards must take climate change into account
IOL Personal Finance
17 April 2019
NEWS ANALYSIS: Lobby groups push for pension funds to think ‘green’ in their investment strategies
Daily Maverick
16 April 2019
Activists push pension funds to monitor climate costs
Business Day
16 April 2019
Activists Push South Africa Pension Funds Over Climate Costs
Daily Maverick
16 April 2019
Just Share, together with international environmental legal NGO ClientEarth, commissioned a legal opinion from Fasken on the question of whether the boards of pension or provident funds are required under South African law to take into account climate-related risks and opportunities when making investment-related decisions on behalf of their funds. The legal opinion is unequivocal in finding that they are required to do so.
Pension and provident funds are important social actors with a key role to play in creating a more inclusive and sustainable economy. Factoring climate risk into investment decisions is essential to driving a just transition to a low-carbon economy, and is fully consistent with trustees’ fiduciary duties.
Just Share and ClientEarth have written to most of SA’s major pension fund boards, to share the opinion, highlight the latest developments relating to investment risks and opportunities stemming from climate change, and provide guidance as to what steps trustees must take to comply with their legal duties.
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