Asset Consultants Survey - The Climate Institute

More documents

Recommendations

Info

CLIMATE CHANGE INVESTMENT INITIATIVE UPDATE – Asset Consultants Survey3.6. Reporting of progress on climate change issuesVery little work has been done to determine the impact of any climate change related effortscarried out by asset consultants. At this stage, the results from the survey were fairlyinconclusive and no trends could be observed. More work should be dedicated to this area inorder to be able to monitor the progress relating to climate change issues.Q7.2 Have you determined what impact your climate change issue-related efforts, requestsand guidance have had on the consideration of Climate Change issues by your fundmanagers?Response %Not at all 33%To a large extent -%To a small extent 33%Planning to in the next 12 months 11%Not applicable 11%Total 100%Q7.3 Can you provide examples of the above impacts?Response %No, have not determined 33%No, not willing to disclose 11%Yes (examples provided include ratings pressure and regular monitoring) 22%Did not respond 33%Total 100%PAGE 28CLIMATE CHANGE INVESTMENT INITIATIVE UPDATE – Asset Consultants Survey
CLIMATE CHANGE INVESTMENT INITIATIVE UPDATE – Asset Consultants Survey4. ConclusionThe analysis demonstrates that, while there are clear leaders, there is much more work to bedone by asset consultants in managing climate change related risks and opportunities. It is acritical time for asset consultants as clients, particularly superfunds, have indicated that thisis an area in which they want consultants to develop long-term capability.Lagging firms may find themselves being crossed off clients’ lists unless sufficient capabilityin incorporating climate change is found in all areas.On a more detailed client service level, the vast majority have not developed the necessaryskills (around areas such as risk balancing, portfolio rebalancing and risk assessment).However, there appears to be a ‘Catch 22’, where trustees are looking for guidance fromconsultants, while consultants are reluctant to invest in capability unless they can beconfident of recovering those costs through their services. While we strongly believe theprimary responsibility rests with trustees, asset consultants should build better capabilities asa way to break the deadlock and move forward.CLIMATE CHANGE INVESTMENT INITIATIVE UPDATE – Asset Consultants Survey PAGE 29
Page 1 and 2: CLIMATE CHANGE INVESTMENT INITIATIV
Page 27: CLIMATE CHANGE INVESTMENT INITIATIV

Asset Consultants Survey - The Climate Institute

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?