UK Demands Climate Change Transparency From Pension Schemes
Law360, London (September 11, 2018, 4:11 PM BST) -- Pension schemes will soon be forced to shed greater light on the environmental impact of their investments, the U.K. government said Tuesday, in a regulatory move applauded by climate change activists.
The Department for Work and Pensions announced new regulations that will force trustees to reveal information about how they weigh up ethical issues and social responsibility when investing.
“Pension schemes and their service providers receive significant contributions through tax relief and have a key role in corporate governance,” Pensions Minister Guy Opperman said in a statement. “It is right that they have broader public accountability.”
Governments and insurers are facing...
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