Leading Canadian pension lawyer, welcomes Mark Carney’s challenge

Climate disruption

“Mark Carney and the Bank of England have warned of the implications of climate change for the UK insurance sector. But the message is relevant for Canadians too and the pension sector, with similar exposures to long liabilities and a similar dependency on overall economic conditions, must consider itself similarly warned. Civil society actors, including insurers and pension funds, must work with governments to conclude a 2 degree plan in an urgent time frame.”

Murray Gold is Managing Partner at Koskie Minsky LLP, one of Canada’s leading law firms in the areas of pension and benefits, class actions, trade union labour law, employment law and civil litigation.  He is the co-author of a new major report on “Climate Change and the Fiduciary Duties of Pension Fund Trustees in Canada”.

See him being interviewed on this report by Amanda Lang of CBC here

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Investment professionals in different countries show markedly different awareness of climate risk

The CFA Institute recently commissioned market research into how investment professionals in different countries/regions consider ESG risks. The country level data shows remarkable variation, Canadian respondents, for example, coming on par with Indian respondents in terms of awareness of climate risk. Interestingly, awareness of environmental issues is not low amongst Canadian investment professionals suggesting that there is a particular challenge over climate.
30 September 2015