Climate Change

This week's Pensions Buzz respondents have decidedly rejected former energy and climate change secretary Sir Ed Davey's argument that schemes should divest from fossil fuel intensive companies.

This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.

The market for bonds focused on ESG issues is growing exponentially, but how can schemes take advantage? James Phillips explores the issue

Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).

Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).

A campaign to divest the MPs' Pension Scheme from fossil fuel investments has gained the support of 200 MPs and former MPs across partisan lines.

The Church of England Pensions Board has written to 55 European companies on their climate lobbying practices, and has warned of shareholder resolutions later this year.

The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.

Catherine Howarth argues that more auto-enrolment providers need to develop their climate-related risk management.

Contract-based schemes could face requirements to disclose their firms' policies on environmental, social and governance (ESG) issues under Financial Conduct Authority (FCA) plans.