11 September 2018
The Asset Owners Disclosure Project (AODP) has ranked the 100 largest global pension funds on their approach to climate change. Overall, the pension sector houses stronger leaders than the insurance sector, but also more laggards, with around 1/3rd of funds disclosing no public information on climate change. In 2017, the Financial Stability Board’s Task Force on Climate Related Disclosures recommended that all publically entities should disclose on climate related risks and opportunities. As at August 2018, over 390 organisations had expressed their support for the initiative, comprising over 50 major global pension schemes, including a number of UK schemes.