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New Climate Rules and Guidance for UK Pensions

Chris Hall

The DWP issued a consultation last October on proposed changes to the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 to require trustees to calculate and disclose a portfolio alignment metric to show alignment with the goal of limiting climate change to 1.5 degrees Celsius.

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UK Aims to End Uncertainty on Fiduciary Duty

Chris Hall

Green Finance Strategy outlines the government’s plans to align the finance sector with its net zero commitments.  A commitment to review pension trustees’ fiduciary duties and stewardship activities in the UK’s updated Green Finance Strategy has been welcomed by industry experts.

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Stewardship Dialogue Must be Ongoing – FCA

Chris Hall

DP23/1, released in February, focused on the capabilities needed by FCA-regulated firms to support both economy-wide transition to net zero and sustainable business models more broadly. We want to continue to engage actively on these topics.”

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Trustees to Engage with Future

Chris Hall

Stewardship is widely considered one of the most effective tools in an asset owner’s toolbox to ensure companies are prioritising ESG-related issues, such as mitigating the effects of climate change. . “ The DWP will assess whether further guidance is needed in H2 2023. . Plotting a path to Paris .

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Seven Ways to Spot Greenwashing

Chris Hall

Has your asset manager published a UK Stewardship Code statement? If your asset manager is a signatory to the UK Stewardship Code, then this insight is more likely to be central to their investment approach. The UK Stewardship Code sets high stewardship standards for asset managers.

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This Week’s People Moves: Simpson Steps Down as CDP CEO

Chris Hall

Sturgeon joins from consultancy firm Mott MacDonald, where she worked as the Regenerative Design and Climate Change Practice Lead for the APAC region. It is a Tier 1 signatory to the UK’s Stewardship Code, a signatory of the Climate Action 100+ and a member of the LAPFF. billion of assets, as of 31 March 2021.

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Fidelity Stewardship Hub Responds to Transparency Drivers

Chris Hall

As well as Statements of Investment Principles or Implementation Statements required by the UK’s Pensions Regulator, which require reporting on fund managers’ stewardship activities, trustees must ensure their funds are managed and report in line with the recommendations of the Task Force on Climate-Related Disclosures.