Climate Risk
Scottish Widows invests £2bn in BlackRock climate transition fund
Scottish Widows has invested £2bn of pension fund assets to become the inaugural investor in BlackRock’s authorised contractual scheme (ACS) Climate Transition World Equity Fund.
Brunel carbon footprint 7% lower than benchmark
The Brunel Pension Partnership has reduced the carbon intensity of its active portfolios by 7% compared their respective benchmarks, it has revealed today.
Environment Agency fund joins global push for environmental impact disclosure
The Environment Agency Pension Fund (EAPF) has joined a coalition of 88 investors to demand companies disclose more information on environmental impact.
Are DC schemes failing to factor climate risks into investment decisions?
A ShareAction survey has found pension schemes are leaving staff savings exposed to climate-related risks. Kim Kaveh looks at the findings.
PRI toughens up climate risk reporting for UK schemes
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).
Govt blocks mandatory climate risk reporting in 'disappointing' response to EAC proposal
The government has rejected the Environmental Audit Committee's (EAC) proposal to make pension fund climate-related financial disclosures mandatory.
Trustees need to engage more on climate change risk
Rory Murphy argues there is no excuse for pension trustees to be taking a back seat on climate change risks in the investment chain.
Are asset managers delivering on their ESG claims?
Despite improvements in investment manager attitudes towards responsible investment, research reveals there is a way to go before the majority deliver meaningful action. Victoria Ticha explores why
Insight creates model to identify corporate credit climate change risks
A model aimed at reducing climate change-related financial risk exposure from corporate credit assets has been launched by Insight Investment.
The financial risks schemes need to prepare for
Various risks can have significant effects on DB scheme liabilities, but what should schemes prepare for? James Phillips reports on four investors' views on the biggest looming risks.
Poor management of climate risks 'could burden AE savers'
Retirement savings of millions of members could be hit with significant losses if pension providers do not step up action on climate risks, according to research.
Parliamentary committee probes UK's top 25 pension funds over climate risk mitigation
The UK's 25 largest defined benefit (DB) pension funds are being asked how they deal with climate risk after the government admitted a "widespread misunderstanding" of fiduciary duty.
Industry rejects changing law on climate change risks
PP research finds little support for amending pensions law to force consideration of climate risks.
Have your say: Is the way DB schemes invest neglecting UK businesses?
This week we want to know if the way defined benefit (DB) schemes invest neglects UK enterprise and what you think the most important pensions story this year has been.
How useful are ESG fund ratings?
ESG fund ratings are an oft-used tool for impact investing, but lack of standardised data means other analysis is necessary. James Phillips explores their usefulness
BNP Paribas pledges to halt shale business relationships
BNP Paribas will end business with companies whose primary activities involve profiting from the extraction of oil or gas from shale or tar sands, while ramping up its investments in renewable energy.
NEST shifts 20% of developed equities into UBS climate aware fund
The National Employment Savings Trust (NEST) has partnered with UBS to reduce its default fund's exposure to climate change risk, while attempting to influence corporate change.
Climate change is 'overblown nonsense' and not a material risk, says industry
Industry does not take climate risk to heart in its investment decisions, PP research reveals.
Pensioners still need minister to champion their cause says industry
A person dedicated to fighting for pensioners is still needed according to research from PP.
ShareAction reveals best (and worst) AE providers for ESG and governance
Action must be taken to tackle the increasingly large gap in performance of auto-enrolment (AE) providers, according to a report by ShareAction.
Just 15% of funds have large tilt towards sustainable factors
The number of funds that consider environmental, social and governance (ESG) issues when they make investment decisions is small according to MSCI research.
Environment Agency unveils ground-breaking goals to tackle climate risks
The Environment Agency Pension Fund (EAPF) has become the first scheme to commit its investments to the international target to limit global warming to two degrees.
EAPF raises sustainable assets to 26% as climate risk exposure falls
Environment Agency Pension Fund (EAPF) has increased investments in the sustainable and green economy to more than a quarter of the fund, according to its annual 2014-15 report.
Political risks and climate change trump covenant concerns for trustees
Political instability and environmental degradation are the top concerns for trustees according to this year's Association of Member Nominated Trustees (AMNT) survey.
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