DESCRIPTION:
Join us for a discussion of the legal responsibilities of pension plan fiduciaries to take climate change factors into account when investing plan assets. According to a new legal opinion by Randy Bauslaugh, pension funds have a duty to understand and manage the financial risks and opportunities that climate change poses to funds and beneficiaries. Mr. Bauslaugh identifies the legal obligations of pension fiduciaries to consider and manage climate risks, as with any foreseeable financial risk, and discusses the practical approaches they might consider to meet their legal obligations and improve effective fund management of these risks.