Climate risk practical guidelines for directors
Over two years ago, in December 2015, the Paris climate agreement was concluded and then ratified the following year. Despite President Trump’s decision to leave the agreement, international support is great and possibly even strengthened. China clearly takes the lead, together with the EU. Non-state parties such as cities and large companies also play a leading role. It is no longer a question of whether greenhouse gases should be greatly reduced but how, and whether it will happen fast enough to really meet the Paris objectives of keeping climate change within relatively safe margins.
There is also an increasing awareness in the pension world with regard to climate risks. Directors are beginning to address them. DNB has nominated this topic as the supervision theme for 2018. However, it’s not so easy to answer the question of how, as a pension fund director, you should deal with climate risks. This article provides some practical guidelines to address this issue.
Would you like to have more information on this topic? Please contact Marleen Koetsier or Willemijn Verdegaal.