October 2026

When Retirement Faces Climate Risks: Linking Socio-Economic Pathways with Financial Outcomes

By Stephanie Neal & Laurens Swinkels Standard analyses of retirement adequacy focus on financial metrics such as contribution rates and replacement ratios, while climate scenario studies typically emphasize broad macroeconomic outcomes. Neither approach, however, directly addresses what matters most to individuals: the quality of life in retirement. Retirement security under climate change is inherently multidimensional, shaped not only by financial wealth but also by health systems, infrastructure, environmental conditions, and social resilience. We develop an integrated framework that combines qualitative...

France. Amundi, BNP Paribas AM Secure $1.86 Billion in Climate-Focused Pension Mandates

French pension scheme Ircantec has selected Amundi and BNP Paribas Asset Management (BNPP AM) to oversee approximately $1.86 billion in decarbonization-focused equity index mandates. The seven-year agreements will direct institutional capital into European and global equities under strict climate and responsible investment requirements. The appointments form part of Ircantec’s strategy to align its investment reserves with a 1.5°C global warming pathway. The decision places climate performance, shareholder engagement and portfolio construction at the centre of the pension fund’s investment approach. Amundi and...

2026 Global Climate Investing Survey

By Lucian Peppelenbos Investor support for prioritizing climate change is rising again, as concerns around energy security accelerate the renewable energy transition, and as the physical effects of global warming are increasingly felt, the Robeco Global Climate Investing Survey 2026 shows. The sixth annual survey of 300 investors shows they are realistic about climate targets, with most forecasting a ‘too little, too late’ scenario that cannot achieve the Paris goals. Yet there is also resilience, as most investors are still prepared...

Institutional investors remain committed to net-zero regardless of government policy

Nearly all (94 per cent) investors with net-zero targets said they would maintain those commitments regardless of government policy, despite ongoing concerns over political and regulatory uncertainty, according to Robeco's Global Climate Investing Survey. According to the research, which surveyed 200 institutional and wholesale investors, including pension funds, 45 per cent of respondents rated uncertainty over government policy as the biggest obstacle to more climate-centric investment. Only 19 per cent said they expected an orderly climate transition, with 47 per cent...

September 2026

New Sierra Club Analysis Shows U.S. Public Pensions Hold Billions in Fossil Fuel Bonds

Today, Sierra Club released a new analysis of public data published by Urgewald on fossil fuel bond holdings across 40 U.S. public pension funds, finding that fossil fuel debt remains embedded in public pension portfolios and available bondholding data are significantly incomplete. The analysis underscores that even if a public pension has a climate policy, emissions target, or other climate risk-management framework, it can still maintain substantial exposure to the debt of companies pursuing activities that contribute to systemic...

US. NYC Pensions Eye Private Markets in $5 Billion Green Allocation

New York City Comptroller Mark Levine unveiled a plan to steer billions of dollars into private markets, characterizing the move as a shift designed to help the investor meet its climate-related goals while safeguarding returns. The Comptroller's Office's Bureau of Asset Management said the proposal targets three of the City's public pension funds: New York City Teachers' Retirement System (TRS), Employees' Retirement System (NYCERS) and Board of Education Retirement System (BERS), according to a statement on Wednesday. In all, the...

August 2026

Healthy Longevity as Regenerative Capital: AI-Enabled Prevention, Senior Re-employment, and Climate Risk

By Jules SADEFO KAMDEM Population ageing and climate change jointly threaten the functional capacity that sustains autonomy, labour supply, productivity, and fiscal resilience. This paper develops a continuous- time, age-structured model in which healthy longevity is a regenerative form of human capital. Cohort health is exposed to biological depreciation, a standardised heat-stress state, diffusion risk, and marked compound-Poisson losses. Prevention, climate adaptation, education, and effectively accessible artificial intelligence can offset avoidable depreciation. AI is accumulated as a depreciating capital stock...

UK pension fund wants a climate tipping points analysis

UK’s largest pension fund wants to understand climate tipping points UK’s Nest, the countries public workplace pension scheme, is seeking proposals to understand how climate tipping points could impact portfolio resilience. Climate scenarios such as those from the Network for Greening the Financial System (NGFS), often do not include tipping points, which are abrupt, often irreversible, changes to the Earth’s ecosystem. Some tipping points have already been breached or are close to be being breached, such as the bleaching of coral reefs. Nest...

Which nature investments pay off? Here’s what a decade of data says

This piece was originally published as a Forum Story under Nature and Biodiversity for World Economic Forum on August 5, 2026. Private capital investments in nature projects have increased roughly five-fold over the last decade, reaching $14 billion in 2025. Recent research shows institutional investors are backing a broader range of nature investments as the market matures. Four investment trends show how institutional investors’ approach to nature has evolved over the past decade. A decade ago, $2.8 billion in private capital flowed into...

Swedes show ‘renewed willingness’ to make sustainable investments

Swedes are more willing to pay for sustainable investments, despite subdued confidence that said investments will deliver higher returns, the latest Sustainability and Consumer Finances Survey (SUSY) has found. According to the survey, as of 2025, some 23% of Swedes are willing to pay higher fees for sustainable investments, compared with 16% in 2024. The share of individuals willing to accept a lower pension in exchange for holding a sustainable investment portfolio has also increased, from 11% to 15%. At the...