All environmental articles – Page 24
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OpinionThe growing appetite for ESG exclusions
Pension schemes are increasingly focusing on integrating environmental, social and governance considerations into their investment strategies.
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OpinionStrength in numbers: How to keep scheme members engaged with ESG
Investing responsibly, and the need for investors to consider how a company behaves in environmental and societal terms, has been propelled into the limelight in recent years.
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NewsMore work needed to make ESG meaningful
Scarcely a week passes without an announcement of a new environmental, social and governance-oriented venture. But experts warn more needs to be done if onlookers are to be confident that words have meaning.
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News
Nest converts EM to climate-aware and doubles allocation
On the go: Master trust Nest is to double its allocation to emerging market equities across its retirement date funds, while adding a climate-aware tilt to the strategy.
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Features
NY divests and managers pledge, but are companies doing enough?
Data crunch: Thirty leading asset managers have pledged net-zero emissions by 2050 or sooner, on the heels of a landmark divestment announcement by the $226bn (£171bn) New York public pension. But a key datapoint suggests companies’ capital expenditure does not yet match managers’ sustainability rhetoric.
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News
National Grid scheme completes £800m buy-in
On the go: The National Grid UK Pension Scheme has completed a buy-in transaction with Rothesay Life, worth around £800m.
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News
Coalition bemoans lack of climate progress in transport industries
The UK’s largest pension funds are among those hailing a “moment of reckoning” for transport companies failing to align with the Paris agreement on climate change, as the investment community evaluates its own success in engagement.
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News
Trustees warned not to miss CMA’s self-certification January deadline
Fears are mounting that Christmas and remote working may cause trustees to miss a vital deadline in January to comply with new Competition and Markets Authority rules.
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NewsWeekly roundup: It’s not easy being Green
Welcome to Pensions Expert’s roundup of a week in which we bade farewell to a few of the high street’s better-known names, and the Pension Protection Fund brightened everyone’s mood with its new doomsday scenario.
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News
L&G to halve emissions of annuity book by 2030
On the go: Legal & General has announced it is to cut the carbon emissions intensity of its £80.7bn annuity book by 18.5 per cent by 2025 and 50 per cent by 2030 as part of its drive to become net-zero by 2050.
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News
Opperman follows through on share-voting promise
On the go: The Department for Work and Pensions has launched a new working group to examine ways to give investors in pooled fund products greater influence in voting shares and securities owned on their behalf.
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News
Majority of schemes struggle to obtain climate risk data
On the go: Nearly three-quarters (74 per cent) of pension professionals said they lack vital information necessary for them to report on climate risk in their pension schemes, according to a survey from the Pensions and Lifetime Savings Association.
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News
Phoenix launches new ESG default solution
On the go: The UK’s largest long-term savings and retirement business has announced the launch of a new defined contribution default solution incorporating environmental, social and governance standards.
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Features
Tyrwhitt Drake takes the reins as CEO at Pensions for Purpose
Charlotte Tyrwhitt Drake is poised to take over as chief executive of Pensions for Purpose in January, after joining as a director in July 2020 from Kempen Capital Management.
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OpinionPension professionals yet to reach consensus on ESG monitoring best practice
In November 2019, the Society of Pension Professionals conducted a survey of its membership, covering pension professionals from a range of disciplines, to try to understand what they were seeing in practice on environmental, social and governance matters.
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News
Investors keen to play role in green recovery
On the go: Four in five institutional investors predict an increase in their exposure to renewable energy infrastructure in the next five years, according to a new survey.
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News
Experts wary on BoE governor’s DC pandemic recovery call
The governor of the Bank of England has suggested rules should be relaxed to allow defined contribution schemes to play a part in the post-Covid economic recovery, but experts warn some structural problems remain.
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News
MPs reject proposal to make schemes carbon neutral by 2050
On the go: MPs have rejected a measure that would see UK pension schemes being compelled to be carbon neutral by 2050, as it would lead to “negative outcomes”.
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News
Labour pushes climate change, superfunds, dashboard amendments
Senior Labour party figures including leader Keir Starmer have put their names to a series of amendments to the pension schemes bill, covering climate change targets, superfunds legislation and the pensions dashboards.
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OpinionTrustees need help to solve ESG puzzle
As winter approaches, many schemes are starting to switch their attention away from their annual compulsory investment disclosures, and towards how they ensure that their policies are implemented.