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28Feb

UK Pension Fund Pulls £28bn From State Street Amid ESG Policy Divisions

News, Slider , ,

The People’s Pension, the UK’s largest commercial master trust, has withdrawn £28bn from State Street, prioritizing sustainability, active stewardship, and long-term value creation. The fund awarded a £20bn equity mandate to Amundi and £8bn in fixed-income assets to Invesco, both sharing the People’s Pension’s commitment to responsible investment. This decision comes amid the European Commission’s recent Omnibus package, which narrows corporate sustainability reporting legislation in the EU, and a retreat from ESG initiatives by US firms under the Trump administration. Businesses can stay ahead of global ESG trends and sustainable investment shifts with ESG Solutions.

 

Read more @impakter

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