Pensions - Articles - Fund managers believe schemes can influence climate change


XPS Pensions Group (XPS) met with 90 fund managers to discuss the latest thinking in investment markets and Environmental, Social, and Governance (ESG) issues were top of the agenda. Of the various ESG issues discussed, 8 out of 10 fund managers said that pension schemes should seek to positively influence climate change.

 Sarita Gosrani, Head of ESG Research, XPS Investment said: “We are delighted to see climate change at the top of the agenda for fund managers. We think that as a minimum ESG should be embedded within the risk management and decision making of all fund managers. However, the fund managers surveyed have demonstrated a desire for pension schemes to go one step further and seek to actually make a positive contribution. It is also really interesting to note that when asked which fund management area will see the greatest innovation, 40% of fund managers said it will be in ESG, which suggests that they are actually taking this seriously.” 

 Simeon Willis, Chief Investment Officer at XPS Investment concluded: “We believe that ESG hasn’t yet been clearly explained to the market and there is confusion about the differences between ethical investment, impact investment, stewardship and ESG integration. Our position is that ESG integration and stewardship are fundamental parts of risk management but further, pension schemes have an opportunity to make a positive impact. It is great to see the fund management community supporting this aspiration.

 “XPS Investment has minimum ESG requirements that fund managers must meet before we will recommend them to our clients.”
  

Back to Index


Similar News to this Story

FTSE 350 pension deficit rises over month amidst COVID19
Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies
Financial advice is more important now than ever before
The impact of the coronavirus has created widespread financial uncertainty, highlighting the need for advice now more than ever. So far, that’s transl
Ongoing protection of workplace pension contributions
Aegon’s Steven Cameron comments on Rishi Sunak’s changes to the Job Retention Scheme and ongoing protection of workplace pension contributions

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.