Number of trustees call for 'shift' of fiduciary duty to address climate risks

LCP research finds rise in number of schemes that have established net-zero goals

Martin Richmond
clock • 2 min read
Number of trustees call for 'shift' of fiduciary duty to address climate risks

A number of trustees believe there should be a “shift” in the interpretation of trustee fiduciary duty to consider climate risks, research from Lane Clark & Peacock (LCP) has shown.

The consultancy's annual survey of scheme trustees, which will be released in full this month, found 25% of those surveyed said there should be a new interpretation of trustees' fiduciary duty to e...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Nest publishes 2023/24 annual report and accounts

Nest publishes 2023/24 annual report and accounts

Government-backed master trust AUM grew to more than £40bn as at 31 March 2024

Martin Richmond
clock 13 December 2024 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

L&G endgame report, PPF 7800 Index, endgame targets, £370m buy-in, dashboards

Professional Pensions
clock 13 December 2024 • 1 min read
Disorderly net-zero transition will have 'severe' impact on scheme returns

Disorderly net-zero transition will have 'severe' impact on scheme returns

Ortec Finance says physical risks could ‘slash returns’ in UK pension fund portfolios

Holly Roach
clock 12 December 2024 • 1 min read
Trustpilot