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Latest ESG news
Trustees and consultants to collaborate on sustainability issues
The Investment Consultants Sustainability Working Group and the Trustee Sustainability Working Group have pledged to work together on shared sustainability challenges.
Railpen: Focused engagement strategies key to stewardship success
At a recent industry conference, Matt Lomas from the industry-wide pension scheme set out how his team has adapted and honed its stewardship and engagement activities.
Nest backs climate tech through £200m commitment to IFM mandate
The UK master trust has put more money to work through its partnership with IFM Investors, seeding an infrastructure credit fund with a focus on climate technologies.
Actuaries warn biodiversity loss is a systemic financial risk
A new IFoA and Anglia Ruskin University report says nature loss and climate shocks are threatening food security, inflation and long-term financial stability.
More ESG news
USS: Bold policy is critical for a successful energy transition
Naomi Clark of the Universities Superannuation Scheme (USS) outlines the importance of investing to support the energy transition and the role of pension schemes and policymakers.
Sustainability and climate expectations rising for investment consultants
The Investment Consultants Sustainability Working Group (ICSWG) has found that climate-related advisory capabilities, which were once viewed as aspirational, are now considered standard practice across the investment consulting industry.
Climate risks ‘still mispriced’ despite $1.3trn corporate exposure
A report developed by Marsh Risk and Impax Asset Management warns that physical climate risks are already affecting portfolios through asset damage, supply chain disruption, and impaired company performance.
CofE to target banks in new climate change voting strategy
The institution’s announcement has been welcomed by campaign group ShareAction and comes as multiple banks have watered down their climate change strategies in recent months.
Nest pledges action against corporate climate plan rollbacks
The master trust will vote against board chairs if companies “materially” scale back climate strategies, as part of a new approach to stewardship.
Is ESG investing in the best interests of pension scheme members? [Updated]
Former Green Party leader Caroline Lucas and ex-cabinet minister Michael Gove debated climate change investing and fiduciary duty in a session at the Pensions UK Investment Conference.
Nest launches tender for segregated ethical equity mandate
Nest’s Ethical Fund currently has £260m invested in ethical equities, as the master trust launches a search for a bespoke segregated mandate manager.
Climate change and fiduciary duty: how can trustees plan for an uncertain future?
What will be the financial impact of global temperature increases? Predicting the future is uncertain, but it doesn’t mean pension schemes can afford to put it off until later, writes Authently’s David Kneale.
The Friday Takeaway: Fiduciary duty calls
A worrying new climate change report should have the whole pensions sector thinking hard about their long-term strategies and what is in members’ and savers’ best interests, writes Pensions Expert editor Nick Reeve.