Bevan Brittan Examines Climate Change- 'Have you thought about: Pensions and Investments?

Publish date: 07/02/2020

Climate change issues affect every aspect of societies and the economy. One feature of this is the investments that organisations make, directly themselves or indirectly through pension funds, and whether these investments are in line with a positive environmental agenda. It is an issue that hit the headlines recently - with a local authority dimension - when the Brunel Pension Partnership (BPP), which manages some £30bn for local government pension schemes and is a Barclays shareholder, lent its support to a resolution calling on the bank to stop offering loans to fossil fuel companies or those that fall foul of climate targets. This was described as the “first ever shareholder climate resolution aimed at a UK bank”. With so many billions being invested on behalf of local authority pension schemes, including of course by various funds within the Local Government Pension Scheme (LGPS) itself, as climate change awareness and concern rises it is clearly becoming a more relevant issue that authorities know where funds are being placed. In some cases, they may want to take steps to make changes.

For all Climate Change Enquiries contact :-