Woodwell & Wellington

Collaborating to integrate climate risk into financial decision making

Team

Woodwell Climate partners with Wellington Management to amplify the impact of pivotal environmental research and climate risk assessments in the private sector. 

Woodwell Climate
Research Center

Pioneer in actionable climate risk analyses
Wellington
Management

Recognized leader, over $1 trillion under management
Together, we’re setting a new standard for climate risk-aware investing.

The partnership began in 2018 with the objective of integrating climate science and asset management. Our scientists and policy experts are providing key climate data, models, and analyses that facilitate the consideration of the impacts of climate change in asset management and financial markets, and Wellington Management incorporates these insights into portfolio management decisions across the company.

Impact

  1. Wellington launched a Climate 101 series designed to enhance basic understanding of climate change from an investment perspective.
  2. Wellington and Woodwell collaboratively developed a mapping tool which allows Wellington to evaluate all perils of climate risk at an asset or portfolio level.
  3. In collaboration with the California Public Employees Retirement System (CalPERS) and Ontario Teachers’ Pension Plan (OTPP), the partnership notably produced the first-ever guidelines for corporate disclosure of physical climate risk in 2019.
  4. Woodwell and Wellington also jointly launched a set of updated guidelines for corporate climate risk disclosure after the US Securities and Exchange Commission (SEC) requested public input on the topic.

Inspired by our partnership, Wellington also became a founding member of the Net Zero Asset Managers Initiative, committing to carbon neutral operations by 2022 and carbon neutral investments by 2050.

Research area
Partners
  • Wellington Management logo
  • CalPERS logo