By Pension Protection Fund Our purpose is to protect the future of millions of people throughout the UK who belong to defined benefit (DB) pension schemes - 9.6 million as at 31 march 2022. When these schemes fail we’re ready to help. We do this by paying our members, charging a levy and investing for the long term. Read book “here”
Part of the ongoing congressional debate over ESG centers on whether these factors should be considered as part of pension and retirement funds. Those of you expecting a resolution should prepare to exercise some patience. One of the most active representatives on the anti-ESG side of the debate is Rep. Andy Barr (R-Ky.), who introduced legislation targeting the use of ESG factors in retirement plan investments June 21. Barr has proposed changes to the Employee Retirement Income Security Act, which...
The proportion of pension schemes seeking greater alignment or integration of sustainable investment beyond employer policies doubled from 20 per cent in 2021 to 40 per cent in 2022, analysis from Mercer has revealed. The group’s latest Responsible Investment Total Evaluation (Rite) report, which benchmarks around 1,000 schemes from across the defined benefit (DB) and defined contribution (DC) space, showed that schemes have made “significant improvements” in their sustainable investment credentials. In particular, the research found that 50 per cent of...
Asset owners face the thorniest investment challenges today, dealing with inflation, geopolitical instability, and systemic risks like climate change. They oversee some of the world’s largest pools of capital, steering investment policy on behalf of pension plans, foundations, endowments, and sovereign wealth funds. Their practices shape the capital markets and the behavior of asset managers, financial advisors, and retail investors. They invest with a long time horizon and are exposed to the entire global market. That means they can’t diversify...
New strategy outlines four sustainability goals across Responsible Investment, Diversity & Inclusion, community impact, and operations and supply chains. Targets include: Having achieved Net Zero for Scope 1 and 2 for its direct operations, the Fund will aim to reach Net Zero in its operational supply chain and travel emissions by 2035 or sooner. Contributing to the global transition to Net Zero through its investment portfolio and engagement activities. Year-on-year, achieving an increase in representation across all under-represented groups. Ensuring that at least 500...
By Emma Simon & John Greenwood In recent years responsible investment strategies and the integration of environmental, social and governance (ESG) factors in the investment process have moved from a niche concern to the mainstream. In the last 12 months ESG and responsible investing have shot to the top of the agenda for pension professionals, driven by a combination of regulatory pressure, increased consumer awareness, reputation management concerns and the Covid pandemic. Greater public awareness of the relationship between investments...
Several public pension funds under pressure to divest from fossil fuel investments would have had as much as $21 billion more over the last decade without them, according to a study by the University of Waterloo released Wednesday by advocacy group Stand.Earth. In the report, The Impact of Energy Investments on the Financial Value and the Emissions of Pension Funds, researchers at the university's School of Environment, Enterprise and Development (SEED) used Bloomberg data to analyze six large pension funds'...
UK-based pension schemes have more than £88bn invested in fossil fuel firms, the equivalent of £3,000 per pension policyholder. That is according to Make My Money Matter, which has analysed the fossil fuel investments of more than 50 of the nation’s largest pension schemes. Most of these schemes have net-zero targets but are yet to completely stop investing in fossil fuels. While some fossil fuels are likely to be used in a net-zero world, Net-Zero Tracker recently confirmed that no major...
The U.S. Treasury has partnered with Canadian pension fund CDPQ, asset managers Natixis Investment Managers and Ninety One, the Rockefeller Foundation and others to accelerate pension fund and other institutional investment in emerging and developing countries over the next three years. In particular, the new partnership will focus on investing in energy transition and sustainable infrastructure, and will be led by the Investor Leadership Network, according to a statement from U.S. Treasury Secretary Janet Yellen. "Today, we are proud to announce...
La Asociación Mexicana de Afores (Amafore) informó que las emisoras públicas nacionales se encuentran trabajando en el llenado del cuestionario de criterios en materia Ambiental, Social y de Gobernanza Homologado para Emisoras Públicas (Cuestionario ASG Homologado). La Amafore refiere que el Cuestionario ASG Homologado tiene como objetivo “recopilar y unificar, bajo un mismo criterio, la información relacionada con los avances en materia ambiental, social y de gobernanza de las emisoras en las que las administradoras invierten o podrían invertir”. El gremio...
