ESG
L&G to halve emission intensity of £81bn annuity book by 2030
Legal and General Retirement (LGR) has committed to cutting the carbon emission intensity of its annuity book by half by 2030, while the overall group targets a net-zero portfolio by 2050.
Phoenix launches ESG DC default solution
Phoenix Group will launch an ESG defined contribution (DC) default solution for pension fund clients of its Standard Life Assurance business and their scheme members.
Half of scheme representatives agree fiduciary duty hinders trustees in addressing climate change, finds XPS
Half of scheme representatives believe the current fiduciary duty of trustees hinders them in their ability to address climate change, according to a poll by XPS Pensions Group.
Putting beneficiaries first with stewardship reporting
Claudia Chapman sets out why schemes should look at expand their stewardship reporting and learn from best practice.
Two-thirds of fund managers reduce investments in companies failing on diversity and inclusion
Two-thirds of UK fund managers are reducing investments in companies that fail on diversity and inclusion scores, according to a survey by Edelman.
Brunel invests £840m in in clean infrastructure; PIC appoints municipal bond manager
Brunel Pension Partnership has launched two investment vehicles to target infrastructure assets that meet Paris Agreement objectives for its partner funds.
'Social' real estate investing 'firmly on the radar' for institutional investors
There has been a growing focus from institutional investors on social benefits when investing in real estate, according to research by Alpha Real Capital.
Webinar: Engage or divest? How can the pension industry make a real ESG impact
Professional Pensions is holding a webinar on how the pensions industry can make a real impact when it comes to ESG – asking what is better, to engage or to divest.
Auto-guidance gets cross-party support; Labour calls for net-zero pensions
A proposal to ensure savers receive a Pension Wise appointment prior to accessing their retirement pot has received cross-party support in parliament, while Labour seeks net-zero pensions by 2050.
UK to issue first green bond and require firms to disclose climate risk
The government plans to cement the UK's position as a global centre for green finance have received a significant boost, with chancellor Rishi Sunak unveiling proposals to issue the country's first sovereign green bond next year and make climate risk...
Barriers to pooled funds implementing trustees' voting policies 'not insurmountable'
The Association of Member Nominated Trustees (AMNT) has published a report outlining the barriers in allowing trustees’ voting policies to be implemented by fund managers in pooled fund arrangements.
Scottish Widows to divest £440m from companies failing on ESG
Scottish Widows has begun work with its fund management partners to divest at least £440m from companies which do not meet its ESG standards under a new exclusions policy.
Responsible investment bill proposed to provide 'clear pathway' on trustee ESG duties
New legislation is needed to push pension trustees and asset managers to consider ESG factors within their legal duty to beneficiaries, as well as ensuring trustees are up to standard, ShareAction says.
Exclusive: Trustees urged to 'refocus' their time to fix ESG crisis
Trustees need to address two urgent priorities in order to “unlock real ESG action” in UK pensions, Willis Towers Watson says.
Close Brothers launches sustainable multi-asset fund
Close Brothers Asset Management (CBAM) has launched a sustainable multi-asset fund and rebadged its Bond Income portfolio as a sustainable bond fund.
MSCI launches climate indices to help investors align with Paris Agreement
MSCI has launched eight indices to enable institutional investors to position their portfolios in line with the Paris Agreement to keep global temperatures within 1.5 degrees.
Low-carbon investing doesn't have to mean low return
With renewed urgency, governments and businesses strive for climate improvements, and pension schemes should take advantage, say Sammy Suzuki and Kent Hargis.
10,000 Black Interns campaign launches with leading investment managers' backing
Leading figures of the investment management industry have today launched the 10,000 Black Interns programme which aims to improve and transform the career prospects of young black people in the UK.
How should trustees consider climate risks to sponsor covenants?
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
The long-term horizon for the LGPS
Local authority funds must use lessons from the past to continue delivering into the future, says James Stoddart
Just becomes first UK insurer to issue a green bond
Just Group has launched its inaugural green bond, raising £250m and becoming the first UK insurer to launch such an asset.
How the BT Pension Scheme will safeguard its portfolios and the planet from climate change
Morten Nilsson explains why the BTPS is aiming to be net zero on carbon emissions by 2035, and how it plans to get there.
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