15 November 2021
Towards resilient pensions
As the Intergovernmental Panel on Climate Change (IPCC) and COP26 recently underlined, this decade of climate action is urgent and non-negotiable. IPCC’s latest report painted a catastrophic picture of what could happen if we fail to limit global average temperature increases to 1.5°C above pre-industrial levels. Global greenhouse gas (GHG) emissions need to halve by 2030, reach net zero around mid-century, and be negative during the second half of the century. The financial sector can make or break our ability to achieve a net zero economy by 2050 and the pension industry, with some of the world’s largest asset owners, has a crucial role to play.
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