UK’s PensionBee Introduces Fossil Fuel Free Fund, Developed via Partnership with Legal & General Investment Management
Online pension provider
PensionBee has introduced a fossil-fuel-free fund, which has been developed through a partnership with Legal & General Investment Management (LGIM).
Emma Douglas, Head of DC at LGIM, remarked:
“We believe that investing in companies who are positioned to capture the benefits from the transition to a low carbon economy will enhance investment returns for savers that will in turn help them reach their retirement goals. …Our research has shown that savers want to understand how their investments can align with their own principles with climate change being a key theme that engages members. At LGIM, we continue to hold companies to account on ESG issues including their progress towards net zero, through our Climate Impact Pledge.”