Diandra Soobiah

Impact is increasingly part of schemes’ mindsets and investment decisions

Real-world impact is increasingly being filtered into schemes’ investment decisions and mindset, writes Stephanie Baxter

The whole pensions sector must collaborate if it is going to drive real change on climate issues, industry experts have warned.

Nest has set out plans to move to its default pension strategy towards a net-zero investment portfolio by 2050, with at least £5.5bn of equities pledged to climate aware strategies.

Collective pressure has delivered results on cutting carbon emissions, so pension scheme investors should take advantage of AGM season, says Diandra Soobiah

Nest members are making changes to their everyday lives to be more environmentally or socially responsible, but failing to take the same action on their pensions, the provider says.

Nest has demanded Barclays provide a “robust plan” on winding up investments into fossil fuel providers.