Pension funds urged to account for climate risk in private assets
Ortec Finance has urged global pension funds to gauge the physical climate-related risks associated with holding private assets, which are typically less liquid and held for much longer than equities or bonds. "Investments made now into infrastructure or real estate typically have a 15-year plus time horizon, so these are highly likely to be affected by rising physical climate risks," Ortec Finance managing director for climate scenarios and sustainability Maurits van Joolingen said. Ortec Finance estimates private infrastructure assets in the...
