Climate Change: Legal Implications For Canadian Pension Plan Fiduciaries and Policy-Makers
Randy Bauslaugh, in collaboration with the Canada Climate Law Initiative (CCLI), is pleased to present Climate Change: Legal Implications For Canadian Pension Plan Fiduciaries and Policy-Makers, an opinion piece discussing the fiduciary obligations pension fund administrators have to consider and manage climate change financial risks and opportunities. The opinion applies basic legal principles, statutory requirements, and recent case law to relevant economic and scientific evidence. It concludes that pension fund fiduciaries have a duty to take into account financial risks and opportunities related to climate change when managing plan assets.
Topics covered in this opinion piece include:
- Legal Responsibilities of Plan Fiduciaries
- The Financial Relevance of Climate Change to Fiduciary Investment Responsibilities
- Must Plan Fiduciaries Consider Implications of Climate Change
- Climate-Related Risks and Opportunities Relevant to Fiduciary Management
- Recent Climate Change Case-Law
- Insulating Plan Fiduciaries from Climate Change Claims
- Lessons from Big Plans
- Public Policy Implications
The CCLI is an inter-disciplinary research initiative that advances the understanding of climate governance across Canada through research, dialogue and knowledge sharing.