<p>Pension funds control <a href="https://www.sustainableviews.com/trillions-in-us-pension-assets-out-of-reach-for-local-climate-projects-60e95aa9/" rel="noopener noreferrer" target="_blank">trillions in global savings</a>. But should they be doing more to support climate action? In this episode of <em>Sustainable Views</em>, the team explores the growing debate over fiduciary duty and whether pension trustees can, or should, prioritise sustainability alongside financial returns. <a href="https://www.sustainableviews.com/author/philippa-nuttall/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=editorial" rel="noopener noreferrer" target="_blank">Philippa Nuttall</a> discusses with <a href="https://www.sustainableviews.com/author/elizabeth-meager/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=editorial" rel="noopener noreferrer" target="_blank">Elizabeth Meager</a> and <a href="https://www.sustainableviews.com/author/florence-jones/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=editorial" rel="noopener noreferrer" target="_blank">Florence Jones</a> recent legal opinions suggesting that climate risk is a financial risk, meaning it may already fall within pension funds’ legal responsibilities.</p><br><p>Florence examines new developments in the UK, where the government is encouraging consolidation of smaller pension schemes into large megafunds capable of <a href="https://www.sustainableviews.com/pensions-called-on-to-deliver-green-infrastructure-as-uk-chancellor-doubles-down-on-growth-270ccb71/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=editorial" rel="noopener noreferrer" target="_blank">investing in infrastructure, clean energy and other long-term assets</a>.</p><br><p>Beyond the UK, the episode looks at political and legal battles in the US and regulatory approaches in the EU, highlighting how <a href="https://www.sustainableviews.com/esg-engagement-stops-at-sovereign-bond-market-e9d952a3/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=editorial" rel="noopener noreferrer" target="_blank">ESG</a> and climate considerations are becoming increasingly contested.</p><br><p>As lawsuits, politics and policy debates intensify, the episode asks a key question: can pension capital help finance the climate transition, or will legal uncertainty continue to slow progress?</p><br><p>You can watch this podcast on <a href="https://www.sustainableviews.com/category/podcasts/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=editorial" rel="noopener noreferrer" target="_blank">Sustainable Views</a> or <a href="https://www.youtube.com/channel/UCWoXB2iAtpgTH9GPS9sEHOg" rel="noopener noreferrer" target="_blank">YouTube</a>.</p><p><br></p><h4>Read more here:</h4><p><a href="https://www.sustainableviews.com/trillions-in-us-pension-assets-out-of-reach-for-local-climate-projects-60e95aa9/" rel="noopener noreferrer" target="_blank">Trillions in US pension assets out of reach for local climate projects</a></p><p><a href="https://www.sustainableviews.com/esg-engagement-stops-at-sovereign-bond-market-e9d952a3/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=editorial" rel="noopener noreferrer" target="_blank">ESG engagement stops at sovereign bond market</a></p><p><a href="https://www.sustainableviews.com/eu-vastly-underestimates-debt-impact-of-climate-change-report-shows-5de2f60f/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=editorial" rel="noopener noreferrer" target="_blank">EU vastly underestimates debt impact of climate change, report shows</a></p><p><a href="https://www.sustainableviews.com/editors-note-where-does-sustainability-end-and-defence-begin-3a630926/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=editorial" rel="noopener noreferrer" target="_blank">Editor’s note: where does sustainability end and defence begin?</a></p><br><p><strong>Timestamps:</strong></p><p>00:00 - Fiduciary and government roles in pensions</p><p>02:29 - What the UK government is hoping happens with pensions</p><p>06:46 - Global pension perspectives</p><p>12:24 - Future of investments</p><p><a href="https://www.sustainableviews.com/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=podcast" rel="noopener noreferrer" target="_blank">Sustainable Views</a> is an intelligence service by the <a href="https://www.ft.com/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=podcast" rel="noopener noreferrer" target="_blank">Financial Times</a> Group. To stay up-to-date, <a href="https://www.sustainableviews.com/subscription-enquiry/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=podcast" rel="noopener noreferrer" target="_blank">subscribe</a> to our <a href="https://www.sustainableviews.com/?utm_medium=referral&amp;utm_source=acast&amp;utm_campaign=podcast" rel="noopener noreferrer" target="_blank">newsletter</a>.</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>