Pension schemes are setting sweeping targets to have net-zero carbon portfolios by 2050. Stephanie Baxter looks at what they need to do to successfully reach these goals
Phoenix Group has committed to its operations being net-zero by 2025, and its investment portfolio being net-zero by 2050.
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.
Mercer has introduced analytics and advice to help investors move their portfolios in line with the Paris Agreement's aim to keep global warming below 1.5 degrees.
Kempen Capital Management has committed to have net-zero emission investments by 2050 as part of stringent policies laid down to address climate change.
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.
With renewed urgency, governments and businesses strive for climate improvements, and pension schemes should take advantage, say Sammy Suzuki and Kent Hargis.
Northern LGPS will partner with ethical pensions campaign Make My Money Matter (MMMM) as part of wider plans to invest all assets in line with the Paris Agreement on climate change.
Aviva has set a 2050 net-zero target for its own auto-enrolment (AE) default pension funds, and called on the government to make all AE default funds set the same goal.
The government has put forward proposals to require the 100 largest occupational pension schemes – those with £5bn or more in assets and all authorised master trusts – to publish climate risk disclosures by the end of 2022.