UKSIF heralds 10 years of pension regulation disclosure
UKSIF celebrated 10 years of responsible investment disclosure by UK occupational pension funds at an event held at the House of Commons. Speakers included the Rt. Hon. Stephen Timms MP and Michael Deakin, Chair of UKSIF’s Sustainable Pensions Advisory Board. UKSIF also launched a report that reflects upon the effects of the regulation and addresses important next steps for environmental, social and governance (ESG) issues over the next 10 years.
Penny Shepherd said:
“This is a momentous occasion. The changes that have taken place in the last decade have seen the issue of responsible investment migrate from the margins to the mainstream. The requirement to disclose occupational pension funds’ policies on responsible investment typifies the UK’s leadership in this area and has been followed by many other countries around the world.
We are fast approaching a tipping point when responsible investment will become the norm for major investors worldwide. However, this will require commitment from Governments, asset owners and civil society. It is clear that there is growing awareness and concern about where investment is made and its consequences. You only have to look at the current situation in the Mexican Gulf to see the potential environmental risks and the pressure for change.”
Read the full press release.