Pension Scheme Trustees have been under pressure for some time to align a scheme’s investments with a broader social and environmental agenda. The Fossil Free campaigns of recent years have highlighted that members are becoming increasingly aware that many schemes are investing in assets that have the potential to damage their own future.
The age-old response of “we have a fiduciary duty to only focus on maximising returns” is no longer a credible statement from scheme trustees. Members are, of course, looking for a secure future, but secure now means financially as well as environmentally and socially secure.
ESG Accord can help Trustees to assess the ESG and Sustainable Finance performance of their Investment Managers and advise on suitable Investment policies and member statements.