Experts warn of trustees' climate change litigation riskBY RACHEL ALEMBAKIS | FRIDAY, 12 JUN 2015 5:17PMLegal and investment experts have been advising superannuation fund trustees that they have an obligation to include evaluation of climate change risk in their overall governance and investment processes. But there may be new urgency to the calls, influenced by the possibility of a global agreement to cap global warming and cut global emissions at the UN Climate Change Conference in Paris in December, and also because activists are threatening legal challenges to those trustees that are perceived as having not performed their fiduciary duties regarding climate change. Related News |
Editor's Choice
Munro expands access to climate focused fund
|The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.
ART to employ more First Nations members into its workforce
Australian Retirement Trust has launched its second Innovate Reconciliation Action Plan, highlighting initiatives the super fund will complete by the end of 2028, including setting up a First Nations workforce target.
QIC seeks proposals for $200m energy fund
QIC is seeking proposals for the Queensland government's $200 million North West Energy Fund in delivering energy solutions and economic development opportunities across the region.
$50k a minute: Billionaire wealth boom highlights inequality in Australia
Australia's billionaires increased their collective wealth by $25.67 billion over the past year, which is equivalent to almost $50,000 per minute according to new analysis by Oxfam Australia.
Whitepapers
ESG implications of the US-Iran conflict
The US-Iran conflict is doing more than lifting oil prices. It is reshaping the ESG realm through energy security, food inflation, health risks and national ...
Critical minerals in the age of AI and tariffs
When we first explored the critical minerals arms race in early 2023, the dominant narrative centred on accelerating demand for the energy transition ...
Private wealth, public impact: Family offices go sustainable
Once discreet vehicles for preserving intergenerational fortunes, family offices' growing prominence reflects not only the sheer scale of wealth accumulation ...
Expert Feed
Sustainability in 2025: Building resilience and navigating risks
In 2025, there is likely to be much scrutiny around US President Donald Trump's anti-green agenda in particular.
Balancing Investor expectations with entrepreneurial growth
Recent headlines highlighting corporate management shortfalls in companies led by their founders underscore the need for rigorous governance standards.
Avoiding the carbon budget risk
While many financial institutions have made public net zero commitments, how can we know whether these goals really amount to action on climate change?
The importance of stewardship in addressing biodiversity issues
In 2016, Stewart Investors was invested in a number of consumer companies in India that were providing much needed basic goods at affordable prices, but ...
