Redington and Fidelity announce net zero pension plans
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Jonathan Stapleton, Professional Pensions
Top investment consultancy and leading asset manager ramp up their support for net zero transition
Redington has announced it will align all default client advice with the goal of reaching net zero emissions by 2050 at the latest, as outlined in the Paris Agreement.
The investment consultant estimated that, as a result of the change most clients will achieve a 50 per cent reduction in their carbon emissions by 2030.
Asked how investors and companies had changed perceptions of ESG over the years, Fidelity’s global head of stewardship and sustainable investing, Jenn-Hui Tan, said investors had realised they had less time to wait.
“ESG will always be about the outcome, what has changed is investors have less patience to wait for that outcome. The climate emergency has been recognised and we don’t have five years to wait anymore so the timeframe that investors expect change has been shortened,” he said.
Danielle Welsh-Rose, ESG investment director at Aberdeen Standard Investments, said: “It used to be that investors were interested in carbon footprint but over the last year, investors have become more interested in climate transition and are asking firms for evidence of what firms are doing to support that.
Terence Tsai started hearing about the growing labor crisis in shipping in a roundabout way. First, in March, an official at a ship management company in Hong Kong let slip that a captain had purposefully diverted a vessel under its control into the middle of the ocean to protest the treatment of himself and his crew.
Rogue Captain’s Mid-Ocean Detour Tips Investors to Crisis at Sea By Alastair Marsh | February 2, 2021
Terence Tsai started hearing about the growing labor crisis in shipping in a roundabout way. First, in March, an official at a ship management company in Hong Kong let slip that a captain had purposefully diverted a vessel under its control into the middle of the ocean to protest the treatment of himself and his crew.
Then, from the head of a large Asian shipping company, Tsai heard about a captain who wanted to attend his son’s funeral in Eastern Europe. It took more than two months and a mountain of paperwork to surmount Covid-era port restrictions and travel complications to get him on a flight back home.
By Alastair Marsh (Bloomberg)
Terence Tsai started hearing about the growing labor crisis in shipping in a roundabout way. First, in March, an official at a ship management company in Hong Kong let slip that a captain had purposefully diverted a vessel under its control into the middle of the ocean to protest the treatment of himself and his crew.
Then, from the head of a large Asian shipping company, Tsai heard about a captain who wanted to attend his son’s funeral in Eastern Europe. It took more than two months and a mountain of paperwork to surmount Covid-era port restrictions and travel complications to get him on a flight back home.