By Susanna Rust2021-01-25T13:04:00+00:00
Some of the UK’s largest pension investors have written to prime minister Boris Johnson to request a meeting with him to discuss the country’s net-zero strategy ahead of this year’s United Nations climate change conference.
The asset owners also wrote to the secretary of transport, setting out key principles the government should integrate in its transport decarbonisation plan and planning for the 2030 sales ban on petrol and diesel cars in the UK.
“Climate change is recognised as the most significant global risk facing investors,” the letters state. “Even a short delay in implementing the necessary policies increases the likelihood of a disorderly transition, threatening beneficiaries’ savings and the resilience of the financial system.”