18 April, 2021

Pension fund group to increase pressure over climate risks

Local government pension funds to plan more action over climate change risk after partnering with specialist research group.

Image: Shutterstock

The body representing local government pension funds is to apply more pressure to companies over climate change after partnering with activists at the 50/50 Climate Project. The Local Authority Pension Fund Forum (LAPFF), which represents 72 local government pension schemes with £200bn in assets under management, said the new arrangement "will see LAPFF ratcheting up its engagement with companies on climate risks and its potential impact on shareholder value." Last week shareholders backed a climate change disclosure resolution at ExxonMobil, a development touted as a major win for those seeking improved information on companies with

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50/50 Climate Project, climate change, corporate governanace, ExxonMobil, LAPFF, risk management