UKSIF, the sustainable investment and finance association, has today welcomed statements on ESG disclosure made by government minister Lord Freud in last week’s House of Lords debate on the Pensions Bill.
Speaking in the Pensions Bill debate on Tuesday 15 March 2011, Lord Freud said that he would be writing to Treasury regulation minister Lord Sassoon on the issue. He said “There has been a consensus in many previous debates on social and environmental issues that companies perform better when their activities are monitored by shareholders. Therefore, it is important for pension funds and their investment managers to be transparent in publishing their approaches to such issues in their statements of investment principles. That is why this Government, like the previous Government, have been open to suggestions on how to improve this process.”
Read the full press release.