Panel: From Commitment to Impact: Real-World Climate Action at Leading European Pension Funds

The gap between climate commitments and real-world decarbonisation has never been more visible — or more uncomfortable. As net-zero frameworks have splintered, political headwinds have intensified, and the once-dominant language of "portfolio alignment" has come under serious scrutiny, a fundamental question faces institutional investors: are we actually moving the needle on climate, or have we spent a decade optimising for optics?

This panel brings together senior investment leaders from Europe's largest pension funds to discuss candidly about what has and hasn't worked and focused squarely on the practical: where capital is genuinely needed, how stewardship and engagement can outperform divestment, and what it will take to mobilise institutional capital into the messy, capital-intensive parts of the economy that must change most.