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Campaigners oppose govt’s planned boycott ban

News on the go

On the go: A coalition of 46 campaigning organisations has spoken out against anti-boycott legislation due in the next Queen’s Speech, which includes a ban on pension funds from pursuing politically motivating boycotts and divestments.

Aegon invests £3bn in ESG range, NPT shifts to sustainable strategy

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Aegon investing £3bn of its default funds in ESG, and the National Pension Trust shifting its default arrangement towards a green strategy.

Treasury aims new climate transition task force at companies

News on the go

On the go: The Treasury has created a task force to develop a ‘gold standard’ for UK companies’ climate transition plans.

Railpen tells investors to prioritise companies for engagement

News on the go

On the go: Railpen, which manages around £35bn in assets for the Railways Pension Scheme, has devised a new “systematic framework” on net zero stewardship in partnership with the Institutional Investors Group on Climate Change.

GLIL banks record £1.2bn fundraising for infra investment

News on the go

On the go: Local Government Pension Scheme funds have stumped up £1.2bn towards GLIL Infrastructure for investment in UK infrastructure.

What does the future of ESG disclosure look like?

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The fast-evolving ESG space is encouraging trustees to consider how best to plan for future regulations.

Passive boom could slow fossil fuel withdrawal, think tank warns

News on the go

On the go: The “outsize role” passive funds find themselves in when it comes to environmental, social and governance investing may be hampering efforts to sustainably invest, according to the Common Wealth think tank.

LGPS employers at legal risk over sharia non-compliance

Dreamstime

Employers participating in Local Government Pension Scheme funds could face legal action from members over their schemes’ non-compliance with sharia principles and a failure to offer staff a compliant alternative, according to one legal expert.

VW rejects shareholder proposal, savers in the dark over investments

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Volkswagen’s rebuff of a shareholder letter concerning its so-called “lobbying activities”, and new research revealing widespread ignorance over how pensions are invested.