Philip Dunne calls on Government to encourage pension funds to consider long-term risks posed to their investments by climate change

11th September 2018

Philip Dunne seeks assurance from the Government that it will respond positively to the Environmental Audit Committee report on Green Finance, particularly by encouraging investment institutions such as pension funds to consider the long-term financial risks posed by climate change.

21. Will the Minister respond positively to the report of the Environmental Audit Committee on green finance, particularly by encouraging investment institutions such as pension funds to consider the long-term risks that climate change may pose to their investee companies? [906798]

Absolutely. Only two hours ago, the Department for Work and Pensions published its consultation response on pension trustees’ duties, which clearly sets out the Government’s intention to raise the profile of financially material climate change factors in investment decisions.

Hansard

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