Pension fund trustees to report on climate change policies
New legislation will ask pension fund trustees to publish policies relating to environmental, social and governance issues, including climate change.
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UK pension fund trustees will be required to publish reports explaining how their investment policies integrate sustainability concerns.
The Department for Work and Pensions (DWP) yesterday announced that new regulations will require annual publication of investment principles on environmental, social and governance (ESG) and climate issues.
The report will be made available to pension scheme members.
Esther McVey, secretary of state for work and pensions, said: "These new regulations will empower savers all over Britain, ensuring that their voices are heard when their savings are invested.
"As we see the younger generation who ca
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