Pension schemes should look beyond the transition to net zero and increase investment in climate adaptation, as concerns grow that mainstream economic models may underestimate climate change's financial impact, according to a report from Cushon and the University of Exeter.
The joint white paper, Investing in Resilience: Unlocking Pension Capital for Climate Adaptation, warned that physical climate risks are already affecting UK assets, while a lack of investable opportunities and government support is limiting the deployment of pension capital into climate resilience projects






