September 2025

Dutch central bank reviews climate and nature risk to pensions and insurance

De Nederlandsche Bank is making a new push to help financial institutions manage climate and nature-related risk and it is conducting analysis of these risks at pension funds and insurers with a view to incorporating them into its regular risk assessments. “While the emphasis in recent years has been on raising awareness, DNB will increasingly focus on regulatory compliance. Supervision will follow a risk-based approach, tailored to the institution’s size, complexity, and the materiality of the risks,” the Dutch central...

The climate crisis might jeopardize your retirement: Experts warn Canada’s pension watchdog is underestimating risks

Wildfires, floods and other severe weather events are not going away, they are only becoming more common, part of what scientists have been warning for decades. The economic shocks of changing oceans, the jet stream and the loss of our polar ice caps, as well as mass glacial loss in Canada turning our forests into tinder boxes, will only get worse as global temperatures blow past the tipping point that marked severe planetary distress. For those who have to plan...

Australian Retirement Trust invests $1b in Macquarie green energy fund

The Australian Retirement Trust (ART) has invested nearly $1 billion in the renewable energy-focused Macquarie Green Energy and Climate Opportunities Fund (MGECO). The numbers: The investment is part of the superannuation fund’s commitment to invest at least $2 billion by 2030 in assets that can generate returns while delivering social and environmental benefits. ART manages $350 billion in retirement savings on behalf of more than 2.4 million Australians. The context: Aside from climate change, ART’s $2 billion impact investment commitment will also flow to...

UK. ​Schemes urged to probe asset managers’ net zero commitments

Pension schemes and institutional investors should look beyond industry pledges when assessing whether their asset managers are genuinely committed to net zero, consultancy LCP has said. The warning follows recent changes and an ongoing review of the Net Zero Asset Managers Initiative. While such pledges provide a useful indication of intent, including target setting and progress reporting, LCP said pension schemes must scrutinise managers’ actions more closely to ensure climate goals are credible. LCP has suggested four questions for pension schemes...

August 2025

US. BlackRock decries ‘politicizing’ pension fund management

Top asset manager BlackRock (BLK.N), opens new tab on Wednesday pushed back against pressure from U.S. Republican and Democratic officials, saying both sides have injected politics into the running of retirement assets and it only seeks to fulfill its fiduciary duties to clients. The message isn't new but it came in an unusual memo the company sent to 43 state treasurers, auditors and other officials of both major political parties, seen by Reuters. In late July, 26 Republicans signed on to a letter, opens...

In a Hotter World, Some People Age Faster, Researchers Find

Living through extreme heat waves can accelerate your rate of aging, according to research published Monday. Scientists analyzed 15 years’ worth of health data from nearly 25,000 adults in Taiwan and found that two years of exposure to heat waves could speed up a person’s so-called biological aging by eight to 12 extra days. It may not sound like a lot, but this number builds over time, said Cui Guo, an assistant professor at the University of Hong Kong who led...

Enhancing Financial Regulation of Green Infrastructure Investment

By Andreas (Andy) Jobst The paper examines the critical need for enhanced financial regulation to support green infrastructure investment as climate action becomes increasingly pressing. It points out that infrastructure is responsible for more than two-thirds of global greenhouse gas emissions and that climate-related disasters lead to annual losses of nearly one percent of GDP, with poorer countries being disproportionately affected. Green infrastructure plays a crucial role in reducing carbon footprints through renewable energy and low-emission transport, as well as...

July 2025

UK. DC pensions continue to back Net Zero despite ESG backlash

Barnett Waddingham’s latest DC Sustainability Report finds a 34% increase in allocations to funds with a climate target in the growth stage since original 2021 report. Despite this, providers have on average 35% of growth assets exposed to investment managers who have stepped away from climate collaboration initiatives. Misalignment between UK DC schemes and global asset managers on sustainability requires a strategic shift to ensure ESG ambitions are fulfilled.     Against the backdrop of anti-ESG sentiment among many global institutional investors,...

UK regulator to develop climate transition plan template for pension funds

The UK’s pensions regulator will work with industry to develop and test a voluntary net-zero transition plan template suitable for occupational pension schemes. Announcing the move today, it said transition plans could help organisations, including occupational pension schemes, prepare for the government’s goal of transitioning the UK to a net-zero nature-positive economy by 2050. Last month, the government launched a consultation on how to take forward a manifesto commitment to introduce climate transition plans for financial institutions and FTSE100 companies. The...

June 2025

Canada’s anti-greenwashing rule sparks far-reaching impact for pensions

Canadian pension giants are grappling with the complex consequences of a national anti-greenwashing rule, which could leave businesses and investors more exposed to legal challenges for issuing environmental claims in marketing materials. The law, known as the environmental provisions under the federal Competition Act, was introduced in June last year. The country’s largest pension investor, Canada Pension Plan Investment Board (CPPIB), was criticised for recently backing down from the commitment to make its portfolio and operations net zero of greenhouse gas emissions by 2050....