All environmental articles – Page 30
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News
ECPA: Covenant assessments must consider climate change
On the go: The Employer Covenant Practitioners Association has emphasised the need to consider potential implications of climate change on sponsors’ businesses as part of defined benefit covenant assessments.
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News
Swansea to divest £500m after declaring climate emergency
On the go: Swansea’s local authority pension fund is to transition its £500m equity allocation to a low carbon index by the end of July, after the fund’s administering authority declared a climate emergency last month.
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News
Co-op trustees opt for green default fund with LGIM
On the go: The trustees of the £11bn Co-op pension scheme, Pace, have chosen Legal & General Investment Management’s Future World Multi-Asset Fund as the default for its defined contribution section.
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News
World’s largest companies fail to meet Paris climate goals
On the go: Only one in eight of the world’s largest-emitting companies are reducing carbon emissions at the rate required to keep global warming below 2C, a major new report has found.
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OpinionHave DGFs had their day?
Data crunch: Diversified growth funds continue to face several challenges, from performance problems to competition from new product types. But despite these obstacles, this is not the end of the road for DGFs, argues Broadridge’s Jonathan Libre.
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News
Aviva launches ESG default fund
On the go: Aviva has launched a defined contribution default fund with environmental, social and governance considerations at its heart, in line with growing demand from workers.
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OpinionPension funds must not ‘sell our future’
The UK government has finally sprung into action on climate change with a commitment to net zero emissions by 2050, but will this be enough? Accounting for Sustainability’s Kerry Perkins and Sustineri’s Richard Folland set out a checklist for trustees to play their part in preventing a climate emergency.
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FeaturesMcKibben: Smart money leaves fossil fuels well alone
How do you change the world? This singular question has occupied Bill McKibben his entire career, and he has no intention of stopping anytime soon.
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News
ExxonMobil and MetLife fail to meet LGIM’s climate change criteria
On the go: Legal & General Investment Management is removing five companies from its Future World Fund range for failing to meet stringent climate change criteria.
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News
Investors push for greater disclosure on environmental impact
On the go: Eighty-eight investors have come together to target hundreds of companies across 46 countries for not reporting their climate change, deforestation and water security data.
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Features
Are DC defaults still lagging on ESG?
Master trust Nest is ahead of the curve when it comes to environmental, social and governance considerations, and while other schemes are catching up, there is still a lot of progress to be made.
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News
Nest to divest all tobacco holdings
On the go: Nest is to sell all its tobacco shares, the master trust has announced, as it warned of impending regulatory backlash against the sector.
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PodcastsPodcast: Are you doing enough to engage scheme members?
Podcast: While technology is helping improve pensions communications across the industry, several challenges remain. In this PE podcast, Shola Salako, trustee representative at Dalriada Trustees, and Rhys Williams, strategy director at communications consultancy Quietroom, discuss the different ways in which schemes and providers can engage with members, and where they might be going wrong.
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News
Trustees face tougher ESG disclosure rules from 2020
On the go: Regulations have been laid in Parliament today that impose tougher disclosure rules for trustees on their stewardship and engagement policies.
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News
ESG risks could mean shallow returns for fish farming investors
On the go: Climate change could cripple the $230bn (£182bn) aquaculture industry, posing a hazard to pension fund investors, a new report by the Farm Animal Investment Risk and Return Initiative has revealed.
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News
AMNT blasts managers’ ‘blanket refusal’ to accept scheme voting policies
On the go: The Association of Member Nominated Trustees has lodged a formal complaint with the Financial Conduct Authority as asset managers of pooled funds, in almost a “blanket refusal”, are not accepting the stewardship voting policies of their pension scheme clients.
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OpinionDavey: 'Addicted' schemes should lead way in decarbonising capitalism
The Committee on Climate Change has proposed a net zero carbon target by 2050 for the UK, eliminating the 1 per cent of global carbon emissions for which we are directly responsible.
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News
Ex-energy secretary: Force divestment from companies flouting Paris accord
Former energy secretary Sir Ed Davey outlined his “radical but practical” vision to tackle climate change in Westminster on Wednesday, as cross-party pressure mounts on the government to take action.
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FeaturesUMSS focuses on sustainability with new equity manager appointments
The £609m University of Manchester Superannuation Scheme has appointed two new equity managers who invest in companies picked on sustainability grounds.
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OpinionAvoiding environmental catastrophe is not just about investments
Damning predictions on the impending impact of climate change have led to a renewed focus on environmental concerns across the vast majority of industries. The pensions administration industry, however, has been less affected than most.