A new report from Share Action finds that pension funds are not doing an adequate job of disclosing climate risk in their portfolios. The most striking finding of our analysis reveals that over 60% of pension funds publish little or no information on their climate responses, placing them at risk of breaching their legal duties…
Tag: pension funds
Pension funds criticise asset managers over lax ESG approach | News | Local Government Chronicle
Local authority pension funds are reporting problems over their asset managers’ approach to environmental, social and governance (ESG) factors.The survey of Local Authority Pension Fund Forum (LAPFF) members, which comprise most of the sector, showed they were unlikely to recommend their asset managers based on the way ESG matters are handled.Some 45% said asset managers…
David Webber on Employee-Funded Capitalism: “Labor’s Last Best Weapon”
In the subtitle of his highly recommended new book, The Rise of the Working-Class Shareholder, David Webber calls employee pension funds “Labor’s Last Best Weapon.” He says that working-class employees could be a powerful force for sustainable economic growth through their pension funds. In an interview, Webber talked about the opportunities and challenges in making the…
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