Our Canadian partner, the Canada Climate Law Initiative, has commissioned a legal opinion by Randy Bauslaugh, independent counsel on ‘Climate Change: Legal Implications for Canadian Pension Plan Fiduciaries and Policy-Makers’.

According to a new legal opinion by Randy Bauslaugh, pension funds have a duty to understand and manage the financial risks and opportunities that climate change poses to funds and beneficiaries. Mr. Bauslaugh identifies the legal obligations of pension fiduciaries to consider and manage climate risks, as with any foreseeable financial risk, and discusses the practical approaches they might consider to meet their legal obligations and improve effective fund management of these risks.

https://ccli.ubc.ca/wp-content/uploads/2021/05/Bauslaugh-Pension-Opinion-1.pdf