All divestment articles – Page 2
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News
LGPS Russian exodus under way as TPR tells trustees to ‘be vigilant’
Local Government Pension Scheme funds are racing to slash their portfolios’ exposure to Russia and reassure members over the crisis, while the Pensions Regulator has issued new guidance to trustees expecting them to “be vigilant” on this matter.
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Opinion
LGPS funds should not join the Israel boycott movement
Pension scheme trustees are currently discussing one of the easiest divestment decisions they will ever have to make.
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News
Schemes retaliate over Russia’s invasion of Ukraine
Some of the UK’s most prominent pension schemes are dialling down their exposure to Russian assets in response to its attack on Ukraine.
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News
Lawsuit against USS to proceed as High Court overturns dismissal
On the go: A lawsuit against Universities Superannuation Scheme directors over their handling of the scheme’s 2020 valuation is to proceed, after the High Court ruled against attempts to deny the legal action.
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News
Merseyside Pension Fund delays Israeli investments decision
Councillors responsible for the £10bn Merseyside Pension Fund have delayed a decision over its investments in companies active in occupied Palestinian territories.
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News
MPs back amendment against political divestments by LGPS
MPs in the House of Commons have approved an amendment that would allow ministers to issue guidance stymieing the ability of public sector pension schemes, including the Local Government Pension Scheme, to pursue politically motivated boycotts and divestment policies.
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News
MP proposes to limit LGPS Israeli boycotts association in new bill
An amendment to the upcoming pensions bill tabled by Conservative MP Robert Jenrick, which is aimed at limiting the Local Government Pension Scheme funds’ association with Israeli boycotts, is not expected to be backed by parliament.
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News
Two-thirds of trustees are looking beyond buyouts
On the go: Two-thirds of pension trustees are considering other options besides buyouts as part of their schemes’ long-term funding goals, new research has revealed.
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News
Activists demand LGPS divestment from factory farming
Several Local Government Pension Scheme funds have come under pressure from animal rights activists over their exposure to factory farming, facing demands for divestment.
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News
Investment managers’ boardrooms lagging on ESG
On the go: Investment managers lack environmental, social and governance experience at boardroom level, with less than a quarter having mandatory training for board members, according to new research.
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News
LGPS seeks UN clarity on Israel investment comments
On the go: The Local Government Pension Committee and the Local Authority Pension Fund Forum are to arrange a call with UN special rapporteur Michael Lynk, seeking clarity over his comments on investments in contested Israeli settlements.
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Podcasts
Podcast: Fiduciary trumps politics if divesting from ‘illegal Israeli settlements’
Podcast: Local Government Pension Schemes looking to divest from Israel should do so on grounds of sustainability and fiduciary responsibility, not because of politics and personal morality, says Richard Butcher, managing director of PTL. He is joined by Ian Neale, Aries Insight co-founder, to discuss divestment, defined benefit funding and ageing populations.
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News
Investors facing up to the social costs of fast fashion
Fast fashion is big business but often negatively associated with workers’ rights issues. Can interested investors successfully ensure they are not contributing to poor working conditions?
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News
USS directors sued over climate inaction and breaches of duty
Two university lecturers, backed by a number of branches of the University and College Union, have filed a wide-ranging legal action against the directors of the Universities Superannuation Scheme, accusing them of multiple failings with respect to the controversial 2020 valuation, and of inaction around climate change commitments.
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News
ESG factors more important to investors than financial metrics
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.
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News
PLSA publishes ESG case studies, TPP excludes 150 companies
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the launch of practical case studies to help schemes achieve climate goals, and The People’s Pension divesting £226m from companies that failed to meet standards.
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News
MPs urge government to make green pensions industry world-leading
MPs have urged the government to seize upon the opportunities COP26 presents to the pensions industry and have called for more consensus on tackling climate change.
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News
Covid-19 spurs wave of interest in sustainable investing
Almost two-thirds of European asset and investment managers believe that the pandemic has made sustainable investing more important, according to Schroders’ Institutional Investor Study 2021.
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News
Cost and information overload are barriers to integrating ESG
On the go: Information overload and high costs are barriers to integrating sustainability in investments, a Pensions and Lifetime Savings Association poll has found.
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