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This report analyzes the climate transition progress of 594 pension funds in OECD countries, representing USD 22.5 trillion in assets, using data from the Net Zero Finance Tracker (NZFT). It evaluates funds across targets, implementation, and impacts, finding that while target-setting is increasing, significant fossil fuel exposure remains, and progress is heavily dependent on mandatory regulatory frameworks.

This executive summary from the Climate Policy Initiative (CPI) analyzes the climate transition progress of 594 pension funds in OECD countries, representing USD 22.5 trillion in assets. Using the Net Zero Finance Tracker (NZFT), the report evaluates these funds across targets, implementation, and impact, highlighting a trend of increasing climate target adoption and improved risk management, while noting a persistent material exposure to fossil fuel expansion.

This legal memorandum analyzes the potential for company directors in South Africa to be held personally liable for failing to address, disclose, and prepare for climate-related financial risks. It examines the intersection of the Companies Act 71 of 2008, common law, the National Environmental Management Act (NEMA), and the recently enacted Climate Change Act 22 of 2024, arguing that climate risk is a material financial risk that falls under existing directors' duties of care, skill, and fiduciary loyalty.

The Center for International Environmental Law (CIEL) issued a letter of support for recommendations by Fossil Free California and Environment California regarding climate risk disclosure under SB 964. CIEL urges the boards of CalPERS and CalSTRS to implement robust, detailed financial disclosures to demonstrate that their investment decisions regarding climate-vulnerable assets are consistent with their fiduciary duties to beneficiaries.

This executive summary by the World Resources Institute analyzes the sustainable investing landscape for US institutional investors, such as foundations and endowments. It identifies financial materiality and policy shifts as primary drivers of interest, while highlighting significant internal and market-based barriers—including data gaps and misconceptions about fiduciary duty—that hinder the deployment of capital toward sustainable goals.