Top UK pension scheme sets deadline for asset managers to handle exposure to climate risk

Brunel Pension Partnership says it will divest funds if managers fail to reduce exposure to climate risk. The pension provider manages retirement schemes for a range of British authorities.
Photo: Ognen Teofilovski/Reuters/Ritzau Scanpix
Photo: Ognen Teofilovski/Reuters/Ritzau Scanpix

One of the largest pension schemes in Great Britain has given its 130 asset managers a two-year deadline to reduce exposure to climate change or risk being fired, reports the Financial Times.

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