ESG is becoming more commonplace within retirement strategies. Indeed, recent figures from Aviva, highlighted that an strong majority (72%) of pension savers consider such initiatives to be important when developing their long term financial plans. As such, more and more pensions schemes and businesses operating within the retirement industry are prioritising ESG above most other investment considerations.

For example, the Universities Superannuation Scheme Britain’s largest pension scheme – announced plans to completely disinvest in companies involved with coal mining, tobacco or weapons manufacturing by 2023. This is a bold statement, given such investments make up over a quarter of their overall revenue. However, it signifies a positive step that schemes are no longer willing to prioritise profit over sustainability.

From a pension planners perspective, the main priority appears to be how their investment decisions will impact the world around them.

From a pension planners perspective, the main priority appears to be how their investment decisions will impact the world around them. This means that greater importance is placed on climate change. For example, more than half (52%) of UK workers claim that they would opt for a ‘green pension’ if their provider offered one.

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