The former Chief Investment Officer at UK pension heavyweight Brunel is calling on institutional investors to publish ‘climate capital commitments’ instead of fixating on portfolio decarbonisation.
Mark Mansley, who helped lead Brunel Pension Partnership - the investment body running £30bn on behalf of local government pension schemes – for three years until 2020, told RI that “investors in the responsible investment community sometimes seem to lose track of the fact that they’re investors”.
“All the talk about Net Zero is great, but achieving that at portfolio level doesn’t mean a huge amount – it only works if it happens globally, and that means allocating capital.”
Mansley said a ‘climate capital commitment’ alongside a Net Zero pledge would help large investors focus on investment flows rather than quantifying climate performance within portfolios.
“One of the problems investors have is that they often work in siloes based on asset …