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Latest ESG news
Climate risks ‘still mispriced’ despite $1.3trn corporate exposure
A report developed by Marsh Risk and Impax Asset Management warns that physical climate risks are already affecting portfolios through asset damage, supply chain disruption, and impaired company performance.
CofE to target banks in new climate change voting strategy
The institution’s announcement has been welcomed by campaign group ShareAction and comes as multiple banks have watered down their climate change strategies in recent months.
Nest pledges action against corporate climate plan rollbacks
The master trust will vote against board chairs if companies “materially” scale back climate strategies, as part of a new approach to stewardship.
Is ESG investing in the best interests of pension scheme members? [Updated]
Former Green Party leader Caroline Lucas and ex-cabinet minister Michael Gove debated climate change investing and fiduciary duty in a session at the Pensions UK Investment Conference.
More ESG news
Nest launches tender for segregated ethical equity mandate
Nest’s Ethical Fund currently has £260m invested in ethical equities, as the master trust launches a search for a bespoke segregated mandate manager.
Climate change and fiduciary duty: how can trustees plan for an uncertain future?
What will be the financial impact of global temperature increases? Predicting the future is uncertain, but it doesn’t mean pension schemes can afford to put it off until later, writes Authently’s David Kneale.
The Friday Takeaway: Fiduciary duty calls
A worrying new climate change report should have the whole pensions sector thinking hard about their long-term strategies and what is in members’ and savers’ best interests, writes Pensions Expert editor Nick Reeve.
Climate change economic impact underestimated, IFoA report warns
A new report from the Institute and Faculty of Actuaries and the University of Exeter has painted a stark picture of the significant negative impact of climate change on the global economy.
IFoA highlights expanding actuarial role in climate and sustainability work
More than 80% of respondents to the organisation’s thematic review reported an increase in actuarial involvement in climate-related activity in recent years.
Governance for Growth seeks to bust myths as Pensions UK lends support
Pensions UK has teamed up with the Governance for Growth Investor Campaign, which is chaired by Railpen and also includes some of the UK’s largest pension schemes.
Securing our future: Climate risk and the Pension Schemes Bill
Liberal Democrat MP Manuela Perteghella explains why her party is lobbying to include climate-related investment restrictions in the Pension Schemes Bill, as MPs debate the legislation in its third reading.
ShareAction: What pension funds must do at COP30 and beyond
Laure Philippon of campaign group ShareAction calls for pension schemes to use their clout to make sure the discussions from COP30 become meaningful action on climate change.
How allocators are reassessing defence sector investments
Asset managers have been increasing the amount they invest in defence-related companies in the past three years, says Morningstar – with even ESG funds reassessing their approaches.