More ESG news – Page 26
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News
Telefónica UK Pension Plan signs UN’s PRI initiative
On the go: The £1.7bn Telefónica UK Pension Plan has signed the UN’s Principles for Responsible Investment.
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One in three managers use their influence on voting rights
On the go: Only a third of asset managers are able to provide details of how they have used their influence in voting as investors, according to new research.
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OpinionHow scheme trustees can make implementation statements matter
Implementation statements can provide a valuable framework for pension trustees to engage with underlying asset managers on their stewardship responsibilities, writes Imran Sattar, fund manager at Majedie Asset Management.
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OpinionNew green finance centre to bring robust ESG metrics
University of Leeds Professor Iain Clacher, who is leading on pensions and asset management work at the new Centre for Greening Finance and Investment, explains how the new body will allow financial institutions to access scientifically robust climate and environmental data.
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Brunel sees successful engagement with HSBC on fossil fuel financing
On the go: Brunel Pension Partnership, composed of 10 Local Government Pension Scheme funds with £30bn in assets under management, has claimed a role in UK bank HSBC’s board-backed resolution to lower fossil fuels.
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NewsConcerns remain as DWP’s climate change consultation closes
Despite welcoming the government’s proposed measures on climate risk, industry experts have highlighted several outstanding concerns as the new rules need more clarity and risk a “herd mentality when it comes to metrics and targets”.
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News
Brunel commits to net-zero by 2050
On the go: Brunel Pension Partnership, composed of 10 Local Government Pension Scheme funds with around £30bn in assets under management, has committed to a 50 per cent reduction in its carbon emissions across its portfolio by 2030, with the goal of achieving net-zero by 2050.
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TPR to assess value for money for savers
On the go: The Pensions Regulator plans to publish a discussion paper to assess value for money as part of its new corporate strategy.
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PodcastsPodcast: Budget 2021 - ‘Reckless conservatism’ in DB landscape
Podcast: Wednesday’s budget did not go far enough to counter the “reckless conservatism” in the defined benefit landscape when it comes to risk and growth assets, hampering the government’s drive to unleash pensions on the post-pandemic recovery, according to Conservative party peer baroness Ros Altmann. She is joined by Isio partner Mike Smedley, in a discussion that also includes the lifetime allowance freeze and what was missing from the chancellor’s statement.
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News
Climate change takes priority in government’s legislation
On the go: The minister for pensions and financial inclusion has laid out a plan for the upcoming secondary legislation following the Pension Schemes Act, giving priority to new climate change rules.
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News
DB master trust invests in low-carbon equity fund
On the go: TPT Retirement Solutions, which has £10.5bn in defined benefit assets, has invested in a new climate-tilted index equity strategy launched by Legal & General Investment Management.
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Net-zero targets present £350bn investment opportunity
On the go: Hitting the government’s net-zero climate change targets will present a £350bn investment opportunity over the next 30 years, according to an estimate by LCP.
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NewsTPR criticised for year-long delay in collection of ESG statements
A Conservative peer and former pensions minister has hit out at delays in the Pensions Regulator’s efforts to police the content of pension schemes’ statements of investment principles.
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OpinionWhy purpose, personalisation and pace must shape modern pensions
PA Consulting pensions expert Mike Teall details the steps needed to bring pensions into the 21st century, with the pensions dashboard being the catalyser for change.
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News
Border to Coast makes infrastructure investments
On the go: The Border to Coast Pensions Partnership has committed £540m to six new infrastructure funds, including its first co-investment.
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Calls for TPR to include ESG module in trustee toolkit
On the go: The Pensions Regulator has been urged to include an an environmental, social and governance training module in its trustee toolkit.
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NewsLGPS funds have £10bn invested in fossil fuels
Data crunch: Despite recent initiatives against climate change, Local Government Pension Scheme funds still have £9.7bn invested in fossil fuel companies, according to new research.
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Railways Pension Scheme strengthens climate reporting focus
On the go: The £31bn Railways Pension Scheme has outlined its expectations for portfolio companies on how they deal with key corporate governance and sustainability issues in its updated voting policy.
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Schemes’ industry investments lag behind climate targets
On the go: Pension schemes with investments in heavy industry like steel, cement, aluminium and paper are likely to find them lagging behind the Paris agreement’s targets, with 86 per cent failing to align with a pathway to “2C or below by 2050”.
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News
Most savers unaware of schemes’ climate change endeavours
On the go: Three-fifths of workplace pension members do not know if their scheme is taking any action to combat climate change, according to a survey by the Pensions and Lifetime Savings Association.