UK. ​Schemes urged to probe asset managers’ net zero commitments

Pension schemes and institutional investors should look beyond industry pledges when assessing whether their asset managers are genuinely committed to net zero, consultancy LCP has said. The warning follows recent changes and an ongoing review of the Net Zero Asset Managers Initiative. While such pledges provide a useful indication of intent, including target setting and progress reporting, LCP said pension schemes must scrutinise managers’ actions more closely to ensure climate goals are credible. LCP has suggested four questions for pension schemes...