Activists Push South Africa Pension Funds Over Climate Costs
By Editor - Mon Apr 15, 3:21 am
Shareholder activists Just Share and environmental law organization ClientEarth have written to more than 50 funds in Africa’s most-industrialized nation about their duty to savers. The local industry oversees about 4.2 trillion rand ($300 billion) in retirement investments, according to the two groups. Legal opinion commissioned by the campaigners shows that failing to meet the requirement on climate change “would likely amount to a breach of duty by the board of a pension fund,” they said in a joint statement Monday.
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