How an asset manager handles climate risk is playing an increasingly important role in the choices that European institutional investors make when assigning mandates, according to
Pension funds and other institutional investors in Europe are now “even more vocal than in the past” in insisting that their external managers take climate risk seriously, Laugel said on Thursday during a Bloomberg Green panel in New York. And that’s leading to a “reshuffling” of the market for investment mandates, she said.
The comments follow decisions by a number of pension funds ...