All social articles – Page 9
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News
TPR promises more regulatory action on ESG
On the go: The Pensions Regulator has promised more action on pension schemes’ environmental, social and governance practices, rejecting accusations that it is a laggard in this area among UK regulators.
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OpinionPositive momentum behind responsible investment
Data Crunch: Despite daily news coverage, regulatory developments and a growing consensus that environmental, social and governance factors affect investment returns, many trustees struggle to engage with responsible investment practices.
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News
Church of England invests £600m in ESG equity fund
On the go: The Church of England Pensions Board plans to allocate £600m to a fund tracking a climate-friendly index, aiming to align its pension schemes with the goals of the Paris agreement.
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News
Three in five savers want pensions screened for tobacco investments
On the go: Scheme members want more information about which companies their pensions are invested in, with 60 per cent calling for an active screening approach towards tobacco companies, according to new research.
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News
LGPS funds warn of fossil fuel divestment impact
On the go: Several of Britain’s top pension funds have warned about the impact of fossil fuel divestment plans, as they would have lost hundreds of millions of pounds had they sold out of oil and gas stocks.
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News
Landmark vegan case could disrupt pensions industry
A landmark ruling finding that veganism is a philosophical belief will have a wider impact in the pensions industry, experts say, but warn trustees to avoid making knee-jerk changes to their schemes.
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News
One third of investment firms lacking on systematic ESG analysis
On the go: Nearly a third of investment managers do not consider environmental, social and governance factors systematically across all asset classes, despite claims from the majority that they invest responsibly, according to a report from LCP.
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NewsLocal schemes urge Barclays to stop financing fossil fuel companies
Several local government pension schemes are asking Barclays to publish a plan to gradually phase out its financing of fossil fuel companies, as the bank has provided more than $85bn (£65bn) to such companies since the Paris Agreement was signed in 2015.
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OpinionThe pension industry’s ‘Extinction Rebellion’ moment
We are at a pivotal moment in society. Environmental concerns are increasingly moving up the agenda, and this is as true in the pensions landscape as in every other area.
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News
Nest considers 1.5C target for climate change fund
Data crunch: The government-backed workplace provider Nest is testing ways to adopt a 1.5C goal for its Climate Aware Fund, to better reflect the “quickly evolving nature of climate change risk” and its impact on members’ investments.
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News
IGCs face ‘huge challenges’ with extended oversight remits
The new rules coming into force for independent governance committees – taking oversight of the provider’s policy on environmental, social and governance factors, and guaranteeing the value for money of new investment pathway solutions – have been branded a “huge challenge” by industry experts.
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News
Ombudsman sides with Shell on climate change dispute
The Pensions Ombudsman has sided with the Shell Contributory Pension Fund in the legal challenge regarding the disclosure of climate change information, which has prompted environmental lawyers ClientEarth to request the body to review its internal procedures.
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News
Brunel appoints managers for £2.6bn alpha equity mandate
On the go: The Brunel Pension Partnership has appointed five managers to run a £2.6bn Global High Alpha fund for its 10 Local Government Pension Scheme clients.
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News
Only three asset managers ‘walking the walk’ on climate change
Among the world’s 15 largest asset managers, only three companies are making the grade on environmental, social and governance considerations, a report from InfluenceMap shows.
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News
Nearly one in five schemes use FM as green issues come to the fore
On the go: Despite a regulatory investigation, assets managed by fiduciary managers have broken the £170bn barrier, up 21 per cent from £142bn in 2018.
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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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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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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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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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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.