Paris Agreement

With renewed urgency, governments and businesses strive for climate improvements, and pension schemes should take advantage, say Sammy Suzuki and Kent Hargis.

Northern LGPS will partner with ethical pensions campaign Make My Money Matter (MMMM) as part of wider plans to invest all assets in line with the Paris Agreement on climate change.

Aviva has set a 2050 net-zero target for its own auto-enrolment (AE) default pension funds, and called on the government to make all AE default funds set the same goal.

The government has put forward proposals to require the 100 largest occupational pension schemes – those with £5bn or more in assets and all authorised master trusts – to publish climate risk disclosures by the end of 2022.

Fulcrum Asset Management is set to launch the first active diversified global climate-aligned equity fund.

More than 60 civil society leaders including MPs, climate experts, faith leaders and local councillors have signed an open letter accusing pensions and financial inclusion minister Guy Opperman of backing continued investment in fossil fuels.

Lorna Blyth looks at how an amendment to the Pension Schemes Bill could force pension schemes to align their investment strategies with the Paris climate agreement.

Jupiter Asset Management has become the latest investor to put pressure on Barclays Bank to phase out the provision of financial services to the fossil fuel sector and utilities that are not aligned with the Paris climate goals.

The House of Lords has called for pension schemes to align their portfolios with the objectives of the Paris Climate Agreement.

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