Pensions - Articles - Pension Fund puts fossil fuel companies on notice

Commenting on Strathclyde Pension Fund’s commitment to “put fossil fuel companies on notice”, Tony Burdon, CEO at Make My Money Matter, said:

 "We believe every pension fund in the UK must commit to Net Zero, with a halving of emissions by 2030. We've already seen multiple local government pension schemes such as Greater Manchester, South Yorkshire and Brunel Pension Partnership make this vital move, along with other major pension funds such as Nest, Scottish Widows and Aviva. Strathclyde Pension Fund’s announcement that they are “putting fossil fuel companies on notice”, while welcome, is far from the urgent action that the planet – and their own members – need.”
 “The eyes of the world will be on Glasgow during COP26 in November. This will be our last best chance to tackle the climate crisis. 61% of UK pension holders want their pension to actively fight climate change* – it would be a huge win for Glasgow if its very own pension fund listened to these voices, and committed to robust Net Zero targets.”

 *Survey conducted by YouGov and commissioned by Make My Money Matter in March 2021

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