By IPE Staff2021-05-14T15:07:00+01:00
A group of institutional investors have started a project to create a new assessment framework enabling investors to fairly and appropriately measure, monitor and compare sovereigns’ current and future climate change governance and performance.
The tool is being designed by a project team comprising BT Pension Scheme (BTPS) and the Church of England Pensions Board, alongside the UN-convened Net-Zero Asset Owner Alliance, (AOA); Coalition for Environmentally Responsible Economies (Ceres); the Institutional Investors Group on Climate Change, (IIGCC); the Principles for Responsible Investment, (PRI) and the Transition Pathway Initiative, (TPI), supported by Chronos Sustainability.
The team will start working on the tool in June 2021 with the aim to pilot the assessment framework, Assessing Sovereign Climate-related Opportunities and Risk (ASCOR), by the end of 2021.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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