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Obligations to consider climate risk in relation to the investments of the Tesco Pension Scheme
ClientEarth argues that the Tesco Pension Scheme trustees may be breaching their fiduciary duties by failing to identify and mitigate specific climate change risks. The letter asserts that climate risk is a material financial risk and provides evidence that fossil fuel assets, particularly coal, are highly exposed to losses. It further claims that low-carbon investing does not compromise returns and that market standards are shifting toward robust climate governance and divestment. ClientEarth recommends a series of actions, including reallocating capital away from coal and risky fossil fuels, adopting TCFD-aligned reporting, and implementing active stewardship policies to ensure portfolio resilience.
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Document type: Statement
20170413101321307-cdbfe3c3a7e72875.pdf
This internal Eskom memorandum from November 21, 2016, provides legal advice on whether the utility can redact (sever) specific information from records requested by the Centre for Environmental Rights (CER) under the Promotion of Access to Information Act (PAIA). The request concerns a pre-feasibility study into extending the lifespans of several power stations.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Briefing