Sixteen investment consultancy firms have said that they will seek to ensure that pension schemes take into account environmental, social and governance factors where they are financially material. 

The Association of Member Nominated Trustees and the UK Sustainable Investment and Finance Association have been engaging with investment consultants in phases over the past three months to secure backing for the Pensions Regulator’s investment guidance in respect of ESG factors.

The sixteen firms which have publicly backed the regulator’s guidance and undertaken to flag it to clients are:

  • Allenbridge

  • Aon Hewitt

  • Barnett Waddingham

  • bfinance

  • Cambridge Associates

  • Capita Employee Benefits

  • Cardano

  • Hymans Robertson

  • JLT Employee Benefits

  • Lane Clark & Peacock,

  • Mercer

  • P-Solve Investments

  • Xafinity Punter Southall

  • Quantum Advisory

  • Redington

  • Willis Towers Watson

All sixteen investment consultancies made a statement outlining that they are happy to join with the AMNT and the UKSIF in recognising that the recent investment guidance from the regulator marks a major development in its approach to how trust-based defined contribution and defined benefit schemes need to address risks around long-term sustainability, including ESG issues.

Janice Turner, co-chair of the AMNT, said: “More and more we are finding that asset owners want to take responsibility for their investments, and that members are increasingly scrutinising the activity of their pension funds. The support of the consultants is key in enabling members to have a voice in their investments, and so today’s announcement is a positive step forward.

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