pension

Australian Pension Fund Avoids Trial, Settles Climate Risk Lawsuit

Australian Pension Fund Avoids Trial, Settles Climate Risk Lawsuit

As part of the settlement, the fund will “ensure that investment managers take active steps to consider, measure and manage financial risks posed by climate change and other relevant ESG risks…[and disclose] to members...those risks, as well as the systems, policies and procedures...to address those risks.” The fund will also commit to achieving a net zero carbon footprint by 2050.