Publication

Managing risk in the LGPS - A spotlight on climate risk

calendar icon 20 December 2023
time icon 5 min

Authors

Greer Flanagan

Greer Flanagan

Senior Actuarial Consultant

Sanjay Joshi

Sanjay Joshi

Responsible Investment Consultant

Peter MacRae

Peter MacRae

Senior Risk & Modelling Consultant

Climate change is one of the main sources of risk for pension schemes, with potential implications for future inflation, investment returns and longevity.

LGPS funds, with their open-ended timescales and investments in return seeking assets, are arguably more exposed to climate risk than most pension schemes. Understanding the risks posed by climate change within funding is therefore critical.

At the seventh webinar in our risk management series, Greer Flanagan was joined by Peter MacRae and Sanjay Joshi to explore our latest thinking on climate scenarios and what actions funds can take in response to climate risk.

In this publication, we explore:

  • Our current approach to managing climate risk

  • Latest developments in our approach

  • Actions for funds

Download the full publication 

If you have any questions on anything covered in this publication, please get in touch

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