“Pension institutions don’t take climate risks into account”
German pension institutions aren’t taking account climate risks in their investment strategies, according to a survey commissioned by WWF Germany. “This can have serious consequences,” Matthias Kopp, director of sustainable finance at WWF Germany, said in a press release. “If, for example, the institutions continue to put their customers’ money into coal businesses while the world economy orients itself more and more climate-friendly and turns its back on fossil fuels, this could mean tremendous loss of value,” Only 41 of 351 institutions contacted replied to the survey.
Read the press release in German here.