|
Laxman Pai, Opalesque Asia: Private markets managers are failing to provide their clients with the information they need to effectively manage climate risks, said a study.
According to research by Hymans Robertson, this lack of data has significant implications for both defined benefit and defined contribution pension schemes' ability to meet their governance and reporting obligations under the Task Force on Climate-related Financial Disclosures (TFCD).
The pensions and financial services consultancy aimed to assess the level of climate data asset managers could provide on their funds across four asset classes: private debt, private equity, real estate, and infrastructure. It revealed a worryingly low level of engagement from some asset managers with just over two-fifths (42%) of managers providing data on all funds and a further 14% of managers providing data on some of their funds.
Nearly half of managers (44%) approached did not respond, raising concerns as to whether managers are prepared to meet expected requests for climate information, the research said.
Also highlighted by the research, was the significant variation in the depth of information disclosed by respondents, with the reporting of carbon emissions data not yet commonplace. Managers of property and infrastructure funds are better prepared with just under half - (44%) for property and 48% for infrastructure - providing data on carbon emissions.
In contrast, private equity and private debt m...................... To view our full article Click here
|
RSS
