£30bn pension fund: we'll sack asset managers that ignore climate crisis

Brunel Pension Partnership sets 2022 deadline for investment firms to reduce exposure

A 30bn British pension fund has threatened to sack investment managers that do not take action on the climate crisis, criticising the sector as "not fit for purpose".

Brunel Pension Partnership, which manages pension money for nine councils in south-west England as well as for the Environment Agency, said it would review the mandates of asset managers that don't reduce exposure to climate risk by 2022.