“Pension funds are concerned about the financial risks associated with climate change. As fiduciaries with a long time horizon, they are looking for new strategies to integrate these factors into their investments. The Global Climate 100 looks ahead to show investors where the opportunities to address global warming will come from.”
– Thomas Kuh, Managing Director of KLD Indexes On the first global index fund focused on solutions to climate change. Source: ClimateBiz.
This is awesome. But what is the logical extension of this thinking? Are pension funds going to start forming their own private armies next?