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LifeSight invests in climate fund, guide for stewardship launched

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including LifeSight’s investment in a climate transition fund, a stewardship reporting guide launched by consultants, and The People’s Pension’s climate pledge.

Brunel transfers funds to new Paris-aligned benchmarks

News on the go

On the go: The £28bn Brunel Pension Partnership, which handles the assets of 10 partner funds with an aggregate size of circa £40bn, has transferred more than £3bn to its new FTSE Russell Paris-aligned benchmark series.

Why the ‘S’ in ESG matters and how schemes can better understand it

Shutterstock

The ‘social’ aspect of environmental, social and governance investments can be hard to quantify, but is crucial for pension schemes to get to grips with to meet their requirements in this area. Fortunately, there is help for investors to make the most of ‘S’ and spot long-term opportunities.  

Asset managers commit $4.2tn to net-zero target

News on the go

On the go: Signatories of the Net Zero Asset Managers initiative have 35 per cent of their total assets managed in line with achieving net zero by 2050, according to an interim report.

TCFD disclosures to be mandatory for UK’s largest financial institutions

News on the go

On the go: Britain’s largest companies and financial institutions will legally have to report on climate-related risks and opportunities from April 6 2022, the government has announced.

TPR to tighten supervision to steer schemes’ climate response

Bloomberg

The Pensions Regulator is aiming to set “clear expectations” of what it wants to see from pension schemes, while increasing supervision ahead of the new requirements to comply with environmental, social and governance legislation under the Pension Schemes Act 2021.

ESG factors more important to investors than financial metrics

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a survey showing institutional investors believe ESG is more important than financial metrics when it comes to evaluating a company’s long-term attractiveness, and more signatories to the Make My Money Matter charter.

COP26: Collaboration is key to achieve net-zero targets

Dreamstime

In the build-up to COP26, there has been growing emphasis on the need for collaboration to ensure swifter progress in meeting global net-zero targets, with the pensions industry also being called to prioritise co-operation.

Schemes enable more CO2 than entire UK carbon footprint

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including analysis showing the UK’s pensions market would be in the top 20 global carbon emitters if it was a country, and a study concluding that less than 1 per cent of fund assets are Paris-aligned.

Trustee body calls for FCA action on manager voting policies

News on the go

On the go: The Association of Member Nominated Trustees has called for regulatory action from the Financial Conduct Authority after a review found that a majority of fund managers “promise no meaningful action” in their climate change voting policies.