Season 3 Episode 2:
The tip of the iceberg

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In this week’s episode, we discuss our recent climate investment risk report, along with co-author Laasya Shekaran. We cover how we analysed our database of UK asset owners for climate risks, and what some of the key and surprising conclusions were as well as the tangible next steps that investors can take.

Read the report:
The tip of the iceberg: How UK institutional investors are responding to climate risks

We discuss: 

  • How we classified asset classes at a high level for climate risk based on carbon intensity and data availability.
  • How we segmented the asset owner universe into 4 segments based on their asset allocations (because using averages can mask trends underneath): Growth, Diversified, Low-risk and matching.


  • The majority of UK asset owners now have more in bonds than equity, so this should be the first port of call for looking at climate risk.
  • A lack of data and transparency in private markets and multi-asset funds is a priority need to address for clients in the “diversified” segment.
  • Pooled funds now exist in both equity and corporate bonds that aim to tilt toward Paris-aligned portfolios over time, investing in companies.
  • We respond to some of the common criticisms of ESG investing, and discuss how corporate bond investors can have s much power as equity holders.

The most underappreciated thing in investing

  • The influence and power of investing – money talks and no matter whether you are a big or small investors you can align your investments in a way that has a real impact.


Further listening 

One thing to take away

Addressing climate risk isn’t just for large investors, small investors can do it too.  

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Each LCP investment uncut podcast is for information and marketing purposes only and does not constitute any form of investment or financial advice or a financial promotion (under the Financial Services and Markets Act 2000). All views expressed by the podcast hosts and guests are purely their own opinions and do not represent those of LCP, its clients or affiliates. Our podcast listeners should always seek independent financial or legal advice before making any financial or investment decisions. Please refer to the Legal Notices section on the LCP website for further information.​

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