pensions

Nest claims firms have ‘not done enough’ on climate to remain shareholders, in move prompted by UBS Asset Management's decision to eject firms from 'climate aware' fund

Pensions provider argues investments in carbon intensive companies are increasingly risky as it unveils plans to ramp up investment in climate solutions

Schemes worth £24bn schemes are aiming to reach net zero emissions 'no later' than 2050

Fund debuts collaboratively launched Paris-aligned investment benchmark

The Pensions Regulator finds just 43 per cent of defined contribution schemes consider climate in investment strategies

Pension schemes fund an estimated 330 million tonnes of carbon emissions every year, according to Make My Money Matter research

Thérèse Coffey says pensions can become the 'superpower' in the transition to net zero

An unidentified UK-based institutional investor is set to invest as part of the project

Firm also sets out plans to push for climate action on pension schemes where it acts as a co-trustee

Research from Make My Money Matter shows that large UK pension schemes managing £2tr still have no net zero goals in place