Asset Consultants Survey - The Climate Institute

CLIMATE CHANGE INVESTMENT INITIATIVE UPDATE – Asset Consultants SurveyQ5.4 Can you give examples of climate change related investment decisions your advicehas influenced?*Note that more than one option can be selectedResponse %We do not advise on climate risks or opportunities 44%Allocation of money to renewable energy 33%Individual investments from clients 22%Allocation of money to cleantech 11%Climate change bonds / other financial products 11%Carbon hedging of equities risk -%Carbon offsets -%Consistent with results from earlier sections, there appears to be insufficient incentives fromsuperfunds to drive asset consultants into incorporating climate change. Approximately 56%of respondents have offered climate change advice to superfunds but most of these funds‘did not think climate change was important’. When asked why they thought trustees held thisview, asset consultants thought that this was largely due to the ‘herd mentality of superfundsbeing reluctant to lead’ (33%) and also that the ‘investment chain was still geared towardsthe short term’ (33%). Consequently, 56% of asset consultants have not had any superfundclients request for services around climate change risks and opportunities.Q5.5 Regarding how superfunds perceive your advice on climate change generally:Response %We have offered advice but most clients don’t think its important 56%We haven’t given any advice in this area 44%Most clients are concerned about climate change and consider all our advicein this area-%Total 100%PAGE 18CLIMATE CHANGE INVESTMENT INITIATIVE UPDATE – Asset Consultants Survey