AODP Press Release: 60% of the world’s largest public pension funds in breach of duties on climate change, new data reveals.

AODP Press Release: 60% of the world’s largest public pension funds in breach of duties on climate change, new data reveals.

UNJSPF is ranked #7 of the top 100 global pension funds as measured by the Asset Owners Disclosure Project (AODP).

The Asset Owners Disclosure Project (AODP) rates and ranks the world’s largest institutional investors and assesses their response to climate-related risks and opportunities. The ratings are made public, providing much-needed transparency for beneficiaries, clients, investors and stakeholders, and emphasised through advocacy and direct engagement to drive change.

See link press release below.

60% of the world’s largest public pension funds in breach of duties on climate change, new data reveals.

Quote:

Herman Bril, Director of Investment Management Division at UN Joint Staff Pension Fund, said: “At UNJSPF, we consider ESG factors, including climate-related risks and opportunities, in our investment practices as part of our fiduciary duty toward our beneficiaries. A key part of our approach to sustainable investing is the belief that portfolios which integrate material ESG metrics in their investment process have the potential to provide returns that are superior to those of conventional portfolios, while exhibiting lower risk over the long term.