Redington and Fidelity announce net zero pension plans
Redington has announced it will align all default client advice with the goal of reaching net zero emissions by 2050 at the latest, as outlined in the Paris Agreement.
The investment consultant estimated that, as a result of the change most clients will achieve a 50 per cent reduction in their carbon emissions by 2030.
The move sits alongside the firm’s broader seven-point climate action plan to integrate sustainability considerations across its entire business, including commitments to reduce and offset its own emissions.
Redington chief executive Mitesh Sheth said: “Effective immediately, our default position will be to deliver investment advice that is aligned with achieving the goals of the Paris Agreement, reaching net zero by 2050 at the latest.
“This represents the biggest transition that we as a business have gone through since our founding, but something that we believe is vital in order to truly make an impact through our influential role in the broader value chain.”
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