UK - NEST has signed up to the United Nations Principles for Responsible Investing in a bid to boost long term investing and good corporate governance.
The National Employment Savings Trust joins 930 signatories globally in backing the code, which aims to encourage asset owners and asset managers to factor environmental, social and governance issues into their in investment decisions.
There are currently 120 signatories to the PRI in the UK, including 26 asset owners like NEST.
Chief investment officer Mark Fawcett (pictured) said: "Signing the Principles for Responsible Investment delivers on a commitment we made earlier this year when we announced our approach to investing members' money.
"NEST believes that to protect and enhance the value of investments over the long term, it must act as a responsible asset owner and market participant. We also believe that investing responsibly enhances long-term value and reduces risk, and we have therefore embodied this view within our investment beliefs."
NEST says it will tender for a responsible ownership overlay specialist provider and specialist provider of ESG data to assist it in its ESG policy.
The fund also says it is committed to becoming a signatory of the Financial Reporting Council's Stewardship Code.
PRI chairman Wolfgang Engshuber said: "In coming years, NEST will become one of the most important asset owners in the UK pension fund industry, and we are delighted NEST has decided to become a signatory to Principles for Responsible Investment.
"I believe NEST is leading by example in their commitment to implement the six PRI principles and look forward to NEST participating as an active member of this global UN-backed initiative."
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The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.