Climate Change

This week's Pensions Buzz results on ESG have caused a lot of debate finds Helen Morrissey.

The biggest stories on PP this week include an ombudsman ruling in favour of Standard Life and a PP survey revealing the industry does not think climate change is a financially material risk.

The National Employment Savings Trust (NEST) has outlined its approach to protecting members against environmental, social and governance (ESG) risks.

A person dedicated to fighting for pensioners is still needed according to research from PP.

Pension schemes must engage with the shift towards de-carbonisation by investing in environmentally friendly infrastructure according to a leading figure.

The number of funds that consider environmental, social and governance (ESG) issues when they make investment decisions is small according to MSCI research.

Some of UK's largest pension schemes and fund managers have called on Anglo American, Glencore and Rio Tinto to be more transparent over climate change risks.

Hackney Council's pension fund committee has agreed to endorse a series of recommendations on dealing with fossil fuel and climate change issues after facing mounting pressure from a campaign group.

Church Commissioners for England has co-filed a shareholder resolution at ExxonMobil to force the US oil and gas giant to disclose how it will cope in a lower carbon world.

Shareholder resolutions will be filed at three major mining firms later this month to force them to raise disclosure of the risks posed by climate change.