London, 25 July 2013 – The UK Sustainable Investment and Finance Association (UKSIF) welcomed today’s call from the Business, Innovation and Skills Select Committee for the Stewardship Code to better take into account environmental, social and governance (ESG) factors.  UKSIF was also pleased with the Committee’s recommendation that the Government actively follow through on the recommendations of the Kay Review into Equity Markets and Long-Term Decision Making.

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UKSIF has called for employers to use the responsible investment approach offered by the National Employment Savings Trust (NEST) as a benchmark when selecting defined contribution pensions for their staff.

Penny Shepherd, UKSIF Chief Executive said: “NEST’s approach to long-term responsible investment and ownership offers a practical benchmark particularly for less engaged or knowledgeable employers. The Pensions Regulator should encourage all employers to include modern responsible investment approaches in their pension provision.”

Read the consultation response.

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