UK. Pensions commits to net zero by 2050
Pensions has committed to net zero emissions by 2050 by overhauling its investment strategy.
The new strategy will see members’ savings invested in an equity fund which invests in companies that have lower carbon footprints.
It will include investing in sustainable bonds and sustainable equities to at least 50 per cent of the portfolio’s net asset value by the end of 2021.
The pensions provider says the changes come after an overhaul of the trust’s investment strategy in order to integrate ESG issues into all NOW’s investments.
The trust says it is committed to sustainable investment in line with the Paris climate agreement and that it will support 50% emissions reduction by 2030 as recommended by the IEA and IPCC reports.
Read more @Money Marketing
280 views
