The master trust will vote against board chairs if companies “materially” scale back climate strategies, as part of a new approach to stewardship.
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’s Ethical Fund currently has £260m invested in ethical equities, as the master trust launches a search for a bespoke segregated mandate manager.
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.
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.
A new report from the Institute and Faculty of Actuaries and the University of Exeter has painted a stark picture of the significant negative impact of climate change on the global economy.
More than 80% of respondents to the organisation’s thematic review reported an increase in actuarial involvement in climate-related activity in recent years.
Pensions UK has teamed up with the Governance for Growth Investor Campaign, which is chaired by Railpen and also includes some of the UK’s largest pension schemes.
Liberal Democrat MP Manuela Perteghella explains why her party is lobbying to include climate-related investment restrictions in the Pension Schemes Bill, as MPs debate the legislation in its third reading.
Laure Philippon of campaign group ShareAction calls for pension schemes to use their clout to make sure the discussions from COP30 become meaningful action on climate change.
Asset managers have been increasing the amount they invest in defence-related companies in the past three years, says Morningstar – with even ESG funds reassessing their approaches.
With the scope of reforms to the pensions industry becoming apparent, John Flynn of the Association of Member-Nominated Trustees (AMNT) sets out some key priorities for his organisation and policymakers.
Research by Morningstar has shown that asset owners around the world are reviewing their exposures to the US economy due to currency risk, policy uncertainty, and trade tariffs.