Institutional Investors

Pension giants rethink asset mix post-Copenhagen


PGGM, California Public Employees Retirement System, Ontario Municipal and other global pension plans, along with consulting group Mercer, are collaborating on a climate change strategic asset allocation study to explore the potential impact of climate change scenarios on asset allocation.

“I think we can all agree that climate change will have significant impacts on the global community,” said Jaap Van Dam, chief strategist at PGGM. “The big challenge is translating the impact of climate change into consistent effects on strategic asset allocation.”

The Grantham Research Institute on Climate Change and the Environment, together with Vivid Economics, has been