11.12.2012 - SWFs and world’s biggest investors still ‘reckless’ on climate risk: study
A newly released survey of the world’s largest retirement funds, insurance companies and sovereign wealth funds’ has found the industry’s overall management of climate risk to be vastly inadequate, with many funds lacking any form of climate policy, and many more failing to adjust their investment decisions as a result of climate change. “This first survey of the of the world’s 1,000 largest retirement funds, insurance companies and sovereign wealth funds’ …paints a disturbing overall picture of greenwash and reckless mismanagement but with some signs of progress,” said Dr John Hewson, chairman of the independent not-for-profit organisation, Asset Owners Disclosure Project, which on Tuesday released the first ever global climate investment index, based on its findings...............................................Full Article: Source
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