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  • Pension trustees not required to be experts on climate change, UKSIF CEO says – Pensions Age

    21 August 2018

    Pension fund trustees are not required to be experts on climate change or other environmental, social and governance factors, despite new ESG regulations proposed to come into force, the UK Sustainable Investment and Finance Association CEO UK, Simon Howard, has said.

    Acting as a guest commentator for UBS’ Pension Fund Indicators 2018, Howard referred to proposed new regulation scheduled to take effect in October 2019 in which trustees of all large defined benefit pension schemes will have to state “how they take account of financially material considerations”, which includes, but is not limited to those arising from ESG considerations including climate change.

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