We are facing a climate crisis of epic proportions with very little time to avert it. The evidence is irrefutable: extreme weather events, people displaced, habitats destroyed. It is certainly not fake news. Such is the level of concern that even the UK parliament, with its unremitting focus on Brexit, found time in May to declare an environment and climate emergency.

Some investors are addressing the issue. The Pensions Regulator has already provided guidance for trustees of defined contribution pension schemes, recognising that climate change is a core financial risk that they need to consider in their investment strategies. It is also contributing to the government’s Green Financing Strategy by producing direction for pension schemes around climate change practices to be put on a statutory footing.