Universities Superannuation Scheme (USS) will divest from tobacco, coal, and controversial weapons manufacturers following “years of demand” from members and recent protests on its overall commitment to climate action.
USS - the UK's largest pension scheme with £68bn in assets - will pull its funds in tobacco manufacturing and in thermal coal mining, specifically where this makes up more than 25% of revenues. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
