ESGRSS

Schemes to pay more attention to social factors in ESG strategies

Stephen Muers

As the UK government turns its attention to the social factors in schemes’ environmental, social and governance investment strategies, Big Society Capital interim chief executive Stephen Muers explains how pension funds can address this issue while maintaining fiduciary duty to their members.

Environment Agency to go net-zero, LGPS pool backs ESG framework

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Environment Agency Pension Fund targeting net-zero carbon emissions, and the Border to Coast pool supporting a framework for standards in alternative assets.

Treasury admin fund could help tackle McCloud

Podcasts

Podcast: Ray Martin, director at HS Sole Trustees, and Kim Gubler, chair of the Pensions Administration and Standards Association, discuss TPR’s new climate change agenda, the NAO’s warning about the burdensome McCloud judgment, and a bizarre proposal for a national pension fund.

Willis Towers Watson and Wales LGPS pool target carbon emissions

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Wales Pension Partnership and Willis Towers Watson reducing their carbon emissions, and new research from PGIM that shows almost half of investors are overlooking climate risks.

Reuters Pension Fund incorporates ESG factors to improve returns

Dreamstime

The £2.8bn Reuters Pension Fund is integrating environmental, social and governance factors into its portfolio in order to improve risk-adjusted returns, while achieving a funding level above 100 per cent in 2020.

Weekly Roundup: Indecent disclosure

Fotoware

This week – TPR unveils its new climate change strategy, UUK’s consultation on the latest USS valuation, more implications of McCloud remedy, and PPF’s plans to raise the fraud compensation levy.

Aviva Investors increases engagement activity in 2020

News On the Go

On the go: Aviva Investors has increased its engagement with companies it invests in, with a 16 per cent hike in resolutions voted during 2020, its annual responsible investment review shows.

TPR to beef up schemes’ climate change disclosure demands

Fotoware

The Pensions Regulator will demand that trustees add more climate change information to their scheme returns, and has promised enforcement action where pension funds do not comply with basic requirements.

Mercer and L&G to target net-zero, Aviva launches equity fund

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Mercer and Legal & General reducing carbon emissions, and Aviva’s new equity fund launch.

Church of England publishes first stewardship report

News On the Go

On the go: The Church of England Pensions Board has published its first annual stewardship report, setting out its future priorities, which focus on climate change and extractive industries.