Over 400 trustees and employers of UK pensions schemes attending the XPS Pensions Group’s annual conference last week believe they must “make a difference to climate change”, with 60% of schemes having already moved away from a traditional investment approach.

In a speech last week the FCA’s Christopher Woolard outlined the FCA’s role in mitigating damage to asset management and financial services by climate change.

The FCA has launched a discussion paper on the impacts of climate change and green finance on financial markets.