More ESG news – Page 22
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NewsMajority of savers not aware of net-zero pension goals
On the go: The majority of savers (87 per cent) do not understand the importance of having their pension investments aligned with net-zero goals, according to new data from Legal & General Investment Management.
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NewsAMNT updates red line voting policies due to regulatory changes
On the go: The Association of Member Nominated Trustees has updated its 'red line' voting policies to reflect industry and regulatory changes since the campaign was first launched in 2016.
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NewsIndustry body partners with Smart Pension to offer AE to architects
On the go: The Royal Institute of British Architects has partnered with Smart Pension to create an auto-enrolment solution for RIBA’s architect practices, while moving its own defined contribution scheme to the master trust.
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OpinionThe answer to climate change is more primary investment
What should the investment industry do if it is serious about addressing climate change?
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NewsGovernment creates working group for green taxonomy
On the go: The government has created a new independent expert group that will advise on standards for green investment and help create a green taxonomy in the UK.
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NewsDWP presses ahead with TCFD rules in time for COP 26
The Department for Work and Pensions is to press ahead with new rules that will require trustees to report on their schemes’ climate change investment risks by October, but has introduced a number of changes and easements to the regulations after industry concerns.
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NewsUK pension funds target net zero and Aegon moves £5bn into ESG assets
ESG Spotlight: A roundup of the latest news on environmental, social and governance initiatives, with UK pension funds pledging to commit to net- zero by 2050, and Aegon to transition a further £3.5bn of its workplace default funds in June.
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NewsStrathclyde Pension Fund updates investments to target net zero
On the go: The £26.8bn Strathclyde Pension Fund has agreed to a series of commitments to cut its carbon emissions, including targeting net zero by 2050.
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NewsUK LGPS Pool secures additional private markets commitments
On the go: The Border to Coast Pensions Partnership, which handles the assets of 11 local government pension schemes worth a total of around £55bn, has secured approximately £2.7bn of commitments for its latest round of private markets investments. The pool has also selected its final private equity and infrastructure funds for a previous offering.
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NewsUK to lead TCFD disclosures by 2025 for all companies
On the go: The Taskforce on Climate-related Financial Disclosures is to launch a consultation on best practice for measuring investors’ alignment with a “net zero” future later this month.
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NewsTwo-thirds of schemes to increase allocation to social investments
On the go: Sixty-six per cent of pension schemes expect to increase their allocation to social investment passive funds over the next three years, new research has shown.
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NewsEngineering consultancy moves DC scheme to LifeSight
On the go: The Ricardo International Pension Scheme, with 2.500 members and £125m in assets, has been moved into the LifeSight master trust.
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OpinionThere are many roads to Paris – let us not impose a single route to net-zero
Earlier this year, former Bank of England governor Mark Carney had to row back quickly from his claim that Brookfield Asset Management’s investment portfolio was “carbon neutral” on the basis of avoided emissions, despite the fact there is no agreed single definition of a net-zero portfolio.
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OpinionThe defined benefit trustee cost challenge
Isio director Iain McLellan details how defined benefit scheme trustees should spend their increasingly constricted budgets to ensure good governance, and why sponsors should invest in their own scheme’s trustee board.
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NewsCo-op pensions aim to achieve net-zero by 2040
On the go: The Co-op has partnered with the Make My Money Matter campaign to engage with its employees in order to increase transparency on how their pension pots are invested and better understand their sustainability priorities.
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NewsSPP, PMI criticise rushed code of practice consultation
The Society of Pension Professionals and the Pensions Management Institute have both criticised the timeframe of the Pensions Regulator’s consultation on its combined code of practice, raising the prospect of its flawed and costly implementation.
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NewsIndex funds present challenge for East Sussex scheme’s ESG aspirations
On the go: The East Sussex Pension Fund was one of the first Local Government Pension Schemes in the country to carbon footprint its portfolio, and also one of the first to explore and adopt a climate-aware index.
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NewsTrustees not fully aware of new code of practice requirements
On the go: Many trustees are not fully aware of the requirements of the Pensions Regulator’s new code of practice, a survey by Barnett Waddingham has found.
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NewsLGPS pool plans to launch new ESG funds
On the go: London CIV, which oversees £23bn on behalf of 32 London Local Government Pension Schemes worth a collective £44bn, is planning to launch new environmental, social and governance-focused funds.
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NewsNew green charter aims to drive commitment to net-zero
On the go: Make My Money Matter has teamed up with fellow climate change campaigner Count Us In to launch a green pensions charter aimed at encouraging companies to align their pension fund investments with net-zero carbon targets.