August 2025

UK. FCA Looks to Simplify Sustainability Reporting Requirements for Asset Managers, Insurers

The Financial Conduct Authority (FCA), the UK’s conduct regulator for financial services firms and financial markets, announced plans to streamline and improve its sustainability reporting framework for asset managers, life insurers and pension providers, including examining how to simplify disclosure requirements and ease regulatory burdens on firms. The announcement follows a review carried out by the FCA of the results of climate reporting rules put in place by the regulator in 2021, which required asset managers, life insurers and FCA-regulated pension...

July 2025

México. Iniciativa para combatir riesgo climático en sistema de pensiones

Actualmente -acorde con un comunicado de la Corporación Financiera Internacional (IFC)-, las Afores en México administran más de 7.19 billones de pesos (aproximadamente USD$358 mil millones), lo que representa el 21% del Producto Interno Bruto (PIB) nacional. Gracias a las reformas y los incrementos salariales en México, se prevé que sus activos bajo gestión sigan creciendo, pudiendo alcanzar entre el 35% y el 40% del PIB para 2035. En este sentido, la IFC, miembro del Grupo Banco Mundial, junto con el CFA Institute y la Asociación Mexicana de Administradoras de Fondos para el Retiro (Amafore),...

El mayor fondo de pensiones del mundo aumenta su exposición ESG

El Government Pension Investment Fund (GPIF) de Japón, el mayor fondo de pensiones del mundo con 249,8 billones de yenes (aprox. 1,72 billones de euros) en activos, refuerza su compromiso con la inversión ESG (medioambiental, social y de gobernanza) ampliando su enfoque hacia la sostenibilidad. Kazuto Uchida, presidente del GPIF, explica que las estrategias ESG están evolucionando para abordar un abanico más amplio de cuestiones de sostenibilidad, lo que contribuye al crecimiento económico global y al desarrollo de los mercados...

Why nature-related risk is the next strategic priority for pension schemes

Climate-related risk is now firmly embedded in trustees’ responsibilities and consciousness. However, the broader environmental agenda, including biodiversity loss, natural capital depletion and ecosystem degradation, impacts pension schemes (through investment implications, economic stability generally and the long-term financial wellbeing of members) and now demands board-level attention. With the World Economic Forum ranking biodiversity loss among the most severe global risks, stakeholders are increasingly recognising that reporting frameworks should reflect its value. In 2024, 320 organisations from over 40 countries (accounting...

UK. DC pensions continue to back Net Zero despite ESG backlash

Barnett Waddingham’s latest DC Sustainability Report finds a 34% increase in allocations to funds with a climate target in the growth stage since original 2021 report. Despite this, providers have on average 35% of growth assets exposed to investment managers who have stepped away from climate collaboration initiatives. Misalignment between UK DC schemes and global asset managers on sustainability requires a strategic shift to ensure ESG ambitions are fulfilled.     Against the backdrop of anti-ESG sentiment among many global institutional investors,...

Japan’s US$1.7 trillion fund boosts ESG holdings as others flee

Japan’s US$1.7 trillion Government Pension Investment Fund (GPIF) has added to its environmental, social, and governance (ESG) investments, rejecting the shift away from green strategies by many global asset managers. GPIF held about 18.2 trillion yen (S$160.5 billion) of assets tracking ESG indexes at the end of March – or 14.7 per cent of the fund’s equity investments – up from 17.8 trillion yen a year earlier, according to documents published on Friday (Jul 4). The fund posted a quarterly...

June 2025

Pension funds, insurers with $9.5 trillion in assets call for stopping deforestation

A coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets has called on investors to ensure their portfolios aren’t supporting or enabling deforestation. The Net-Zero Asset Owner Alliance, whose signatories include Allianz SE and the California Public Employees’ Retirement System, said in a report published June 18 that investors should make certain they have a firm grasp of their exposure to deforestation and take steps to “phase out” any harms to forests stemming from their...

Nigeria. ESG reform will reshape pension industry – PenOp

The Chief Executive Officer of the Pension Fund Operators Association of Nigeria, Oguche Agudah, has said that the standardisation of Environmental, Social, and Governance reporting would be a game-changer for the pension industry. Agudah said this at the High-Level Roundtable in Lagos, a pre-event of the 2025 Africa Impact Summit Study Tour in Nigeria, convened by the Impact Investors Foundation, Impact Investing Ghana, GSG Impact, Alitheia Capital, and Kuramo Capital. The Pension Fund Operators Association of Nigeria is the trade association...

PensionsEurope’s Position Paper on the European Commission’s Omnibus Simplification Proposal

By Pension Europe PensionsEurope welcomes the European Commission (EC) initiative which aims to align crucial EU legislation concerning Sustainable Finance. PensionsEurope firmly believes that the competitiveness of the EU economy is vital, it is possible to reduce the administrative burden without undermining the EU's policy objectives regarding the green transition. However, any simplification should be carefully balanced to ensure that material sustainability information on risks, opportunities, and impacts-critical to informed investor decision-making-is preserved. Accordingly, the Omnibus package should aim to streamline...

New York City Pension Funds Double Down On Decarbonization – New Expectations Will Impact Managers And Their Portfolio Companies

Over the last few months, most of the attention in the climate space in the U.S. has been on the dramatic, and expected, shift in federal government policy. United States New York Environment Over the last few months, most of the attention in the climate space in the U.S. has been on the dramatic, and expected, shift in federal government policy. However, some "blue state" officials continue to seek to advance decarbonization agendas. In this post, we discuss recently announced...