Pension trustees could face legal challenge for ignoring climate risk – leading QC confirms | ClientEarth

In a hugely important development for the pensions industry, two leading independent UK barristers, including pensions expert Keith Bryant QC, have confirmed that pension fund trustees who fail to consider climate risk could be exposing themselves to legal challenge.

The opinion concludes that where climate risks carry material financial implications for fund performance, trustees must take those risks into account in investment decisions. Its authors state that this is “beyond reasonable argument” and that failing to do this “would not be a proper exercise of [trustees’] powers.”

You can read the opinion here.

For a summary of the opinion and what it means for pension fund trustees and pension fund members, please see ClientEarth’s briefing here.