All climate change articles – Page 4
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PodcastsPodcast: Uncertainty around inflation leads to ‘casino pensions’
Podcast: High levels of volatility around inflation will force trustees to “take a bet” on the future, as it is very difficult — absent a crystal ball — to predict inflationary pressure and its impact on scheme liabilities, says Pension Playpen chief executive Steve Goddard. He is joined by Cardano managing director Emily Goodridge to discuss inflation, technology in pensions, and the future of environmental, social and governance disclosure.
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NewsStandard Life’s sustainable switch and a new LGPS active fund
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a new sustainable multi-asset profile from Standard Life, a £1bn sustainable global equities fund from LGPS Central, and an anti-scams pledge from the Universities Superannuation Scheme.
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NewsInstitute and Faculty of Actuaries issues climate risk alert
On the go: The Institute and Faculty of Actuaries has published a new alert warning of the risk that actuaries may not be appropriately considering or communicating the impact of climate change, and has committed to releasing new guidance in this area.
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NewsNorthern Ireland LGPS commits to low-carbon fund
On the go: The circa £10bn Northern Ireland Local Government Officers’ Superannuation Committee has transferred its entire £2.8bn core passive equity holdings into Legal & General Investment Management’s Low Carbon Transition Fund.
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NewsWandsworth weighs up renewables, asset owners demand engagement
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Wandsworth Pension Fund assessing opportunities in renewable infrastructure, the Net-Zero Asset Owner Alliance pushing for greater engagement, and the Institutional Investors Group on Climate Change highlighting the investment opportunities linked with the Paris Climate Agreement.
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NewsInvestors eye climate risk reporting omissions, CofE challenges VW
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including an investor coalition applying pressure on companies over their climate reporting, and the Church of England Pensions Board raising the heat on Volkswagen.
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NewsAon’s master trust and GPP invest in climate transition fund
On the go: The Aon MasterTrust and Group Personal Pension Plan made a £700mn investment in February 2022 to a new climate transition fund co-developed and co-launched by the consultancy and UBS Asset Management.
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NewsLGPS funds invest in clean tech fund, PPF bets on forestry
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including investment from Merseyside and South Yorkshire schemes in the Clean Growth Fund, the Pension Protection Fund raising its stakes in forestry and the Church of England Pensions Board leading a mining initiative.
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NewsScottish Widows to divest £1.5bn from tobacco stocks
On the go: Scottish Widows has said it will divest from any company that derives more than 10 per cent of its revenue from tobacco, in an expansion to its exclusions policy.
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NewsPension schemes to tackle deforestation in climate push
Pension schemes in the UK will be expected to do more to tackle deforestation as part of the government’s climate policies, pensions minister Guy Opperman has warned.
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News‘Build back better’ hits wall as trustees report trouble aligning
On the go: Trustees and investment managers are struggling to bring their investment strategies into line with the government’s ‘build back better’ initiative, citing a lack of opportunities and long-term planning.
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OpinionSchemes need to pay attention to members’ sustainable demands
In an interesting Pensions Expert article published in February, it was asserted that there is still a strong perception among trustees that investing in sustainability in pension funds is at odds with financial returns.
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NewsFTSE 100 firms lagging on data, half of schemes have impact investments
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with a majority of FTSE 100 companies still failing to disclose diversity and welfare data in their annual reports, and Big Society Capital finding that half of all UK pension funds now hold some form of impact investment.
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NewsBorder to Coast hires consultant, Kempen sets carbon target
ESG spotlight:A roundup of the latest news on environmental, social and governance initiatives, with the Border to Coast Pensions Partnership appointing a climate change consultant, and Kempen Capital Management setting a carbon emissions goal for its portfolios.
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NewsLawsuit against USS to proceed as High Court overturns dismissal
On the go: A lawsuit against Universities Superannuation Scheme directors over their handling of the scheme’s 2020 valuation is to proceed, after the High Court ruled against attempts to deny the legal action.
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NewsPLSA calls on companies to improve ESG disclosures
On the go: The Pensions and Lifetime Savings Association is calling on companies to improve their disclosures on climate change, executive remuneration and diversity, as it updates its Stewardship and Voting Guidelines.
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NewsTPR publishes example to help trustees with new ESG duties
On the go: The Pensions Regulator has published an illustrative example to help trustees and advisers comply with their environmental, social and governance duties, as it revealed it will start contacting schemes that are now in the scope of the new regulations.
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NewsHow Derbyshire scheme is using sustainability to generate returns
The trustees of the £5.6bn Derbyshire Pension Fund are taking climate change seriously.
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NewsClimate change could impact sponsor cash flow and longevity
On the go: Climate change could have significant impact on sponsor covenant, hitting cash flows and potentially impacting sponsor longevity, according to a report from the Employer Covenant Practitioners Association.
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NewsThe metrics of a sustainable future
As the pivot towards net zero intensifies, the need for schemes to assess sustainable investment opportunities through data and metrics is rapidly growing in importance.