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February 12, 2024

Sustainability is a ‘financial factor’ for UK pension schemes

Pensioners walking Eastbourne Pier UK
Trustees responsible for overseeing pension funds are expected by law to run them in the best interests of scheme members (Photo: Chris Ratcliffe/Bloomberg)

Climate change can pose financial risks to the investments held by UK pension schemes

UK pension scheme trustees can take environmental, social and governance matters seriously as part of their fiduciary duties, says a report by the UK’s Financial Markets Law Committee, an educational charity focusing on financial law.

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