More ESG news – Page 33
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OpinionPension funds should quiz their managers on voting
ShareAction’s Jeanne Martin says asset owners have a duty to question their asset managers on voting policies, as some of the biggest players were found to be blocking progress on climate change.
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News
Cyber attacks pose huge risk to portfolios
On the go: Two of the UK’s highest-profile pension schemes have urged fiduciaries to pay more attention to the impact of cyber breaches on the performance of companies they invest in.
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NewsTrustees’ retort to minister’s ‘just switch’ ESG comments
An industry body representing trustees says market failures are preventing it from meeting the pensions and financial inclusion minister’s call to sack managers who refuse to implement voting policies, but cautiously welcomes the introduction of a new stewardship code.
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NewsESG gauntlet laid down as member demand grows
Asset manager Schroders says trustees do not do enough to communicate their views on sustainability to their managers, as environmental, social and governance issues rise up the institutional and consumer agenda.
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News
FRC unveils stewardship code addressing ESG engagement
On the go: A new code from the Financial Reporting Council dictates how asset managers and pension funds should engage with companies for better environmental and social outcomes, including on climate change.
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NewsESG divestment set to take place on global scale
Climate change activism and trustee awareness of environmental, social and corporate governance has led schemes to divest from fossil fuels, figures released today show.
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News
LGPS Central Pool launches sustainable fund
On the go: The Local Government Pension Scheme Central Pool has launched a new equity fund incorporating key climate change considerations in a bid to deliver long-term growth.
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OpinionIgnore ESG risks at your peril
Last week this government’s new environmental, social and governance regulations came into force.
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News
Opperman pushes 50 largest funds to lead way on climate change
On the go: Pensions and financial inclusion minister Guy Opperman has written to the largest pension funds in the UK, reminding them to pull their weight in the fight against climate change.
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OpinionSeven features that define DB pension schemes
Jonathan Libre, a principal in the Emea Insights team at Broadridge Financial Solutions, discusses seven key factors that define DB pension funds, and how they can provide a useful framework through which schemes can be examined.
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News
UK pension funds invest £120m in low-carbon greenhouses
On the go: A number of UK pension funds have invested £120m – managed by Greencoat Capital – in the construction of two of the UK’s largest greenhouses at farmland sites near Norwich and Bury St Edmunds.
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Features
Catherine Howarth: ESG statements are just the start
Pension schemes are engaging with issues such as climate change more than ever before, but there is still a lot of work to do before the industry starts seeing real implementation and delivery, says ShareAction’s chief executive, Catherine Howarth.
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OpinionShifting trustee mindsets: ESG integration just means risk management
Columbia Threadneedle’s Chris Wagstaff outlines how trustees can comply with upcoming regulatory requirements, despite the lack of universal definitions for ESG risk.
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News
Schemes missing £1.2bn ESG-led member engagement opportunity
Communicating the good that trustees’ investment decisions do in the world could motivate younger workers to increase their pension contributions by £1.2bn a year, new research has found.
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News
Nine out of 10 trustees ready for new SRI regime
On the go: Trustees are universally well prepared for the new responsible investment regulations that come into force on October 1, with an astonishing 96 per cent saying they are up to speed.
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News
Pension funds totalling £367bn demand climate action
On the go: Some of the UK’s largest pension funds, representing 4m members, are demanding asset managers take immediate action on climate change.
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OpinionTime for a summer stocktake
Julian Mund, the Pensions and Lifetime Savings Association’s chief executive, reflects on 2019 so far – from master trust authorisation to impressive auto-enrolment figures. But despite some positive developments this year, Mr Mund notes that there is still a significant amount of uncertainty over what the next few months have in store for the pensions industry.
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News
TPR turns up the heat on 99% failing small schemes
The Pensions Regulator continued to press for consolidation on Thursday, after its annual survey found 99 per cent of small schemes are missing statutory governance requirements.
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News
Future commissioner joins calls for Welsh pool to divest fossil fuels
On the go: A Welsh Assembly-appointed commissioner in charge of protecting future generations has called for the country's public sector pension funds to withdraw from fossil fuel investments.
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NewsShell MND elections reignite debate over selection panels
The Shell Contributory Pension Fund announced elections for member-nominated trustees last month, with campaigners calling on members to seize the opportunity and appoint climate risk-conscious representatives.