On the go: The circa £11bn Marks and Spencer Group Pension Scheme, which recently commenced its latest triennial actuarial valuation, has appointed Northern Trust to provide a range of environmental, social and governance reporting solutions.
Northern Trust has been hired to provide the scheme with analytical reporting solutions through its ESG Insights service. The data and insights delivered by the service will help the scheme track specific environmental risk indicators associated with its investments.
The scheme will draw on this information to monitor its ongoing alignment with its ESG objectives, and to support engagement with asset managers and stakeholders on investment strategy and asset allocation.
The data will also be used to support the scheme’s mandatory UK climate risk Task Force on Climate-related Financial Disclosures reporting.
Simon Lee, head of the M&S Group Pension Scheme and chief investment officer, said: “As trustee of the M&S Pension Scheme, we are determined that the impact of our investment decisions today does not compromise our payment of pensions in the future.
“The data and insights provided by Northern Trust allow us to meet our ESG responsibilities as we select and manage investments while supporting our overall objective to provide long-term security for our members’ benefits.”
In addition to delivering ESG analytics, Northern Trust also provides the scheme with a range of asset servicing solutions, including global custody, financial reporting, and specialist fund administration and analytics for its private market portfolio.
This article originally appeared on MandateWire.com
