ESG
Hermes launch carbon tool to track fund's level of risk and engagement
Hermes Investment Management has launched an environment, social and governance (ESG) tool in a bid to improve carbon risk engagement with investee companies.
DWP consults on changes to trustees' investment duties
The Department for Work and Pensions (DWP) has launched a consultation on reforming trustees' duties to consider environmental, social and governance (ESG) risks.
Companies to be forced to disclose pay ratios from 2019
Companies with more than 250 employees will be required to disclose the pay gap between chief executives and their average staff members from 2019, the government has announced.
Do climate change resolutions erode shareholder value?
A contentious report claims ESG resolutions at American company AGMs can do more harm than good. James Phillips explores the findings
PMI names Aberdeen Standard Investments as ESG insight partner
The Pensions Management Institute (PMI) has partnered with Aberdeen Standard Investments as its environmental, social and governance (ESG) insight partner.
Industry split on whether criticism of TPR is justified
The Pensions Regulator (TPR) deserves recent criticism over past failings, notably with Carillion, according to a narrow majority of this week's Pensions Buzz respondents.
Have your say: Does TPR deserve the criticism it's getting?
In this week's Pensions Buzz, we want to know whether the amount of criticism leveled at The Pensions Regulator recently is warranted, and whether default funds are fit for purpose.
PPF appoints Claire Curtin as head of ESG
The Pension Protection Fund (PPF) has named Claire Curtin as head of environmental, social and corporate governance (ESG).
DWP plans to consult on ESG fiduciary duties from June
The Department for Work and Pensions (DWP) expects to consult on trustees' legal duties to consider environmental, social and governance (ESG) risks from next month.
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.
How should trustees approach climate risks?
A report by Pinsent Masons calls on trustees to be more proactive on the risks posed by climate change, warning it is no longer a 'nice to have'. Stephanie Baxter considers the action points
Pension funds could make 'greatest contribution' towards tackling climate change
Schemes could have the biggest impact when it comes to tackling climate change and company boards should embrace low carbon transition, says Legal & General Investment Management (LGIM).
Pre-1997 benefits should not have statutory inflation protection, say half of respondents
Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.
FCA mulls expanding IGC remit with social investing duties
Independent governance committees (IGCs) may see their remit expanded to include reporting on social investing issues under Financial Conduct Authority (FCA) plans unveiled in its business plan today.
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.
USS members should bear most cost of higher contributions, say respondents
Universities Superannuation Scheme (USS) members should be responsible for most of the cost of increased contributions if the scheme's defined benefit (DB) section remains open to accrual, Pensions Buzz respondents say.
May commissions taskforce to 'unlock capital to boost impact investment'
An industry taskforce aimed at boosting innovation in the finance industry to enhance the profitability of social impact investment has been commissioned by the prime minister.
Divestment campaigns are 'unethical', says Institute of Economic Affairs
Pension schemes that divest from stocks in sectors such as tobacco, arms, or fossil fuels are acting in an "unethical" manner, according to the Institute of Economic Affairs' (IEA) head of lifestyle economics.
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.
More transparency needed on ESG fund holdings, government survey finds
Pension scheme members may be unwittingly investing in controversial firms as some ethical funds are not disclosing their full holdings.
Sexual harassment is a rare problem in pensions, says industry
Most men and women in this week's Pensions Buzz believe sexual harassment is not a big issue in the industry.
PLSA urges schemes to vote against directors who ignore ESG risks
Recommendations encouraging pension funds to vote against companies failing to act on climate change have been published by the Pensions and Lifetime Savings Association (PLSA).
Fidelity International hires Michael Gibb as first head of sustainable investing
Michael Gibb has been appointed as Fidelity International's first head of stewardship and sustainable investing.
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