Scottish Widows To Pull Out £440M Over ESG Concerns

Law360, London (November 10, 2020, 11:18 AM GMT) -- Scottish Widows has said it will pull £440 million ($582 million) in investments from companies that do not have adequate environmental, social and governance strategies as it seeks to protect its customers from financial risk.

The pension fund Scottish has said it will target businesses that fail to meet global standards on climate change and workers' rights.

The move to stop investing at least £440 million in companies that fail to live up to its so-called ESG standards means that it will no longer put money into businesses that derive more than 10% of their revenue from thermal coal or tar sands, such...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!