Three UK pension funds lagging behind European peers on climate change

Kim Kaveh
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Three UK pension funds lagging behind European peers on climate change

The Universities Superannuation scheme (USS), Railways Pension Scheme (RPS), and Electricity Supply Pension Scheme (ESPS) are "at risk of breaching their fiduciary responsibilities", according to an Asset Owners Disclosure Project (AODP) report.

These schemes are failing to adequately explain how they are responding to climate change and its implications, and rank among the worst of the European asset owners assessed by the ShareAction-backed...

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