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Action needed to bolster TCFD uptake despite growing support

News on the go

On the go: The rate of climate-related financial disclosures has increased more in the past year than in any previous year, the Task Force on Climate-related Financial Disclosures has reported, but warned that “significant work” remains.

Weekly Roundup: Not so simple statements

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This week – Guy Opperman pledges ‘simple annual benefits statements’, the Government Actuary’s Department agrees with HM Treasury’s cost-control mechanism reforms, most pension schemes falling short on ESG commitments, and BT Pension Scheme deficit improves on back of recovery plan.

PLSA publishes ESG case studies, TPP excludes 150 companies

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the launch of practical case studies to help schemes achieve climate goals, and The People’s Pension divesting £226m from companies that failed to meet standards.  

Schemes’ trustees cannot ignore social factors risks

Podcast: Stefan Lundbergh, director at Cardano, and John Howchin, secretary-general of the Council on Ethics for Sweden’s national pension funds, discuss why socially aware investing is so important for pension funds of all sizes — and how trustees can go about taking action.

Climate awareness now ‘business as usual’ for schemes, Aon says

News on the go

On the go: Managing climate change is now “business as usual” for pension funds, while other factors surrounding political instability have diminished in importance, Tim Manuel, co-head of responsible investment at Aon, told the Pensions and Lifetime Savings Association’s annual conference.

Adaption: How schemes can tackle climate and social issues together

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As the COP26 conference draws near, the summit’s theme of ‘adaptation’ has raised questions around how schemes can align their environmental and societal commitments to protect the planet’s ecology and communities.

Opperman lauds ‘transformational’ climate requirements

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Pensions minister Guy Opperman has lauded the government’s “utterly transformational” approach to climate reporting requirements, while promising legislation on “simpler statements” and the “statements season” in the near future.

Most pension schemes falling short on climate commitments

News on the go

On the go: An overwhelming number of large UK pension schemes are yet to make net-zero commitments ahead of the COP26 summit, pensions campaign group Make My Money Matter has revealed.

‘Greenium’ concerns remain around second green gilts issuance

News on the go

On the go: The second issuance of the government’s green gilts is expected on October 18. While the first issuance was significantly oversubscribed, concerns about the “greenium” have deterred some pension schemes from investing.