In recent years, environmental, social and governance (ESG) and climate change have become increasingly important issues, both in the UK and globally. With roughly £2.5 trillion in assets, pension schemes are some of the most important players in the investment world. As a result, it has never been more important for pension scheme trustees to understand the obligations on them in relation to ESG, as well as the limits on how far they can go when making their investment decisions.
This updated guide takes a look at the new ESG obligations kicking in for trustees from 1 October 2020 as well as key further developments coming down the pipeline.
For more related insights you can also visit our Sustainable Finance & Responsible Investment Insights section.