Climate Change

Legal & General Investment Management (LGIM) has launched a climate transition index equity fund for defined benefit and defined contribution investors.

Dr Pooja Khosla and Amer Khan argue that schemes should use their monetary power to seek change rather than divest.

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.

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.

Carbon capture, hydrogen, nuclear, electric vehicles (EVs) and renewables all set to benefit from £12bn government stimulus plan, but critics warn funding falls well short of the level required to trigger a green recovery.

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.

Corporate reporting needs to improve to meet investor expectations on the issue of climate change, the Financial Reporting Council (FRC) says.

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...

Chris Wagstaff, Head of Pensions and Investment Education at Columbia Threadneedle Investments provides insight into how asset owners and asset managers should be responding to climate change.

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.