International pension association releases guide to addressing climate change
The International Centre for Pension Management has released a guide for integrating climate change considerations into investment processes.
“The ICPM climate change guide is unique from others of its kind because it was written by asset owners for asset owners,” said Deborah Ng, director of strategy and risk at the Ontario Teachers’ Pension Plan and one of the contributors to the guide, in a press release. “The goal of the ICPM climate change guide is to share experiences for large asset owners with internal resources and internal management, as well as for smaller funds with predominantly external asset management and consultants.”
Rather than simply focusing on what affect a company may have on the environment, the report also highlights what impacts climate change may have on a company’s material concerns. “Investors need to understand the potential financial impacts this complex issue brings,” said Ng. “Climate change goes beyond the environmental dimension and has influence on social, economic and policy factors.”
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