Summary

For many investors, especially those with fiduciary duties, climate change and its risk to
investment portfolios are a new, complex, and rapidly changing challenge. On September 23, 2004, 43 participants convened for a unique workshop for pension fund trustees to explore the connections between fiduciary responsibility and the risks to investments posed by global climate change. Working with Harvard faculty, attorneys, pension fund leaders, and other experts, the trustees explored what they can do - consistent with their fiduciary duties - to address the financial risks and investment opportunities of cl imate change.

Citations

"Sustainability and Risk: Climate Change and Fiduciary Duty for the Twenty-First Century Trustee." Research Report No. 3. CSR initiative at the Harvard Kennedy School, Coalition for Environmentally Responsible Economies (CERES), and Energy Technology Innovation Project, 2004.