Climate Change

Scottish Widows has unveiled an updated stewardship policy detailing how it will undertake stewardship and engagement activity in support of its responsible investment framework.

The pensions industry’s regulators and key players have identified climate change and the Covid-19 pandemic as key risks to the sustainability of high-quality actuarial work.

The Institutional Investors Group on Climate Change (IIGCC) has published detailed advice on how to integrate climate risks and opportunities into investment processes.

PP’s expert panel discusses the implementation and integration of ESG into investment

The Parliamentary Contribution Pension Fund has been criticised for continuing to invest in fossil-fuel heavy companies despite a push into renewable energies.

The Institute and Faculty of Actuaries (IFoA) has welcomed climate-related stress tests, but revealed UK insurers need greater clarity around the framework.

The industry has rejected the need for multiple professional trustee accreditation regimes after the Pensions Management Institute and Association of Professional Pension Trustees launched rival frameworks.

Schemes must do more to lessen the financial risks of climate change, says Guy Opperman.

Investment managers are much more transparent on their stewardship approaches, but it remains important for there to be an ongoing dialogue with trustees. Kim Kaveh explores the findings.

Mark Carney says the financial sector must take more urgent action on climate change.