The lack of clarity means pension investors representing about USD 5trn may be putting less cash than they otherwise might into sustainable assets. That's as the need for a decisive reallocation of capital toward planet-saving goals grows more urgent as global warming becomes increasingly deadly.
For now, "pension funds in Europe have a legal duty to invest in the long-term best interest of beneficiaries," said Matti Leppälä secretary general of Brussels-based Pensions Europe.
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