In May last year (2020), Guy Opperman, minister for pensions and financial inclusion, said that pensions and investment managers must “do the right thing” and take their environmental and social responsibilities seriously to combat climate change. This means safeguarding the environment for future generations to enjoy.
What’s happening
Pension trustees should now be taking into account the effects of climate change through regular, transparent risk assessment, strategy and reporting. This is a new layer of accountability which will place climate change risk management at the heart of trustee decision making which will be fully aligned with their fiduciary duties. This is a world-leading step for our pension industry and the first of its kind.
Money being invested into environmental solutions
UK pension bodies control £1.8 trillion and as we move towards a low carbon economy, these institutions are in an ideal position to drive forward these changes. Hopefully, the investment is there now to start the changes and protect the future for our children.
Look at your own finances – we can help you safeguard the planet for future generations
Let’s review your existing pensions and investments and take account of where you’re investing. You may feel that you’d like to commit at least some of your savings, pensions and investments into socially responsible funds. Just get started and make a difference.
