climate change risk

Willis Towers Watson’s master trust says ‘vast majority’ of its £10bn AUM will be covered

Stewardship is being transformed by active management of companies, minister argues

Hedge fund manager criticises slow action by asset managers and calls for better nearer-term targets

‘Insufficient’ state action means whole market must work together to tackle climate change

But the targets are supported when explained, with many considering divestment around climate change

Aegon UK has transitioned more than £5bn of workplace pension scheme assets into ESG investment strategies, with another £3.5bn set to move over by the end of the month.

Trustees have been warned to keep an eye on weakening employer covenants even after a positive aggregate funding experience in the last three years as myriad funding and investment issues pose risks to defined benefit (DB) schemes.

Greater clarity around standards will make it easier for trustees to interrogate managers about how they are managing transition risk, says Nina Reid.

The Environment Agency Pension Fund's Marion Maloney joins with Aon's Tim Manuel and ITS's Tegs Harding to discuss net-zero targets and what sits behind them

Professional Pensions rounds up some of the latest ESG and climate news from across the industry.