Asset Consultants Survey - The Climate Institute

CLIMATE CHANGE INVESTMENT INITIATIVE UPDATE – Asset Consultants SurveyQ5.1 Do you integrate climate change risks and opportunities into the rating and selectionof fund managers?Response %Yes, in specific asset classes only 44%Yes, always 22%Yes, but only when directed to by a client 11%No 11%Yes, depending on other factors (such as how material the risks are) 11%Planning to in the next 12 months -%Total 100%Q5.20 Have you already altered, or do you have plans in the next 12 months to alter, yourshortlisting for investment managers to reflect any of the following?*Note that more than one option can be selectedResponse %Integration of climate change research 33%Climate change opportunities 11%Mandatory signatory of UNPRI, EAI, ESGRA or GRI 11%Retained bonuses / options for long-term return 11%Other incentive alignments (such as fees) 11%Greater mandate length -%Longer investment horizons -%Other climate change issues -%Did not respond 33%While the proportion of consultants that advise their clients to restructure either existing ornew mandates to account for climate change risks and opportunities are fairly evenly split(56% would not), most of the asset consultants (67%) would recommend a standardmandate length to superfunds. The average recommended length was generally 4 years. Asimilar portion (67%) also believed that longer term incentives for fund managers wouldassist superfunds in managing long-term risks.PAGE 24CLIMATE CHANGE INVESTMENT INITIATIVE UPDATE – Asset Consultants Survey