The Asset Owners Disclosure Project (AODP) has released it's third annual "Global Climate 500" index to assess the world's top 500 global asset owners on climate risk management.

The overall finding from this year's report show that the world's largest investors continue to gamble on climate risk as nearly half of the world's 500 largest funds have done nothing to protect investments from climate risk, while only 7% of asset owners are able to calculate their emissions, only 1.4% of asset owners have reduced their carbon intensity from last year, only 2% of asset owners have set an emissions reduction target for next year, and to this date, no fund has calculated their portfolio wide fossil fuel reserves exposure.

While the report paints a bleak picture, it does celebrate 9 asset owners leadership in the space, including, Local Government Super (Australia), KLP (Norway), CalPERS (US), ABP (Netherlands), Environment Agency Pension Fund (UK), New York State Common Retirement Fund (US), Australian Super, PZW (Netherlands) and AP4 (Sweden).

To read the report and learn more click here.