The impact companies have on society and the planet is fundamental to understanding long-term prospects for scheme portfolios and understanding the risks around these issues is key, Schroders says.
The government has brought forward regulations to mandate the largest schemes to assess and report on their climate change risk to investments.
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.
Social governance is becoming more significantly important to pension fund managers in the wake of the coronavirus pandemic, according to a 27 May report.
Professional Pensions rounds up some of the latest ESG and climate news from across the industry.