Almost half (43%) of trustees do not feel able to monitor and report on their schemes ESG policy to a high standard, according to CACEIS.
This is despite the legislative requirement on trustees to outline how they incorporate ESG considerations into investment decision making within their statement of investment principles.
In its research, the provider said: "It's clear that implementing an ESG framework won't always be easy to apply because of the numerous touchpoints involved.
"It can be very difficult, for example, to assess the ESG characteristics of a company - and sometimes analysts may disagree on their findings."
CACEIS said the momentum across the industry toward responsible and sustainable investment had led 55% of respondents to identify a significant planned increase toward ESG-related investments in their schemes over the next three years.
Managing director Pat Sharman said: "From a corporate citizenship perspective, as well as fiduciary requirement, implementing climate change and good ESG principles will be important for pension schemes of all shapes and sizes to help manage longer term risks for the benefit of members."
The majority of poll respondents to Professional Pensions' Buzz questionnaire last week agreed there are too many ESG ratings providers, which increased trustee confusion.
One pundit said the implementation of a British standard could help trustees to report more effectively.
PMI president Lesley Alexander and the institute's immediate past-president Lesley Carline talk about the challenges of Covid-19 and the opportunities and challenges the industry faces in the future.
The Pensions Administration Standards Association (PASA) has announced global consultant Deloitte as its expert knowledge provider for data.
This week’s top stories included further support for an overhaul of the pension tax regime, while the Treasury confirmed the Retail Prices Index will be reformed by 2030.
XPS Pensions posted a 9% increase in revenues during the six months to 30 September – a rise driven by a number of large client wins.
Here they are - the winners of the 3rd annual Women in Pensions Awards...