The Pensions Regulator has launched a campaign to ensure that trustees are meeting their ESG and climate change reporting obligations.

Trustees of occupational pension schemes with 100+ members are required to prepare:

  • A statement of investment principles (“SIP”) which, among other things, must include the trustees’ policy in relation to financially material ESG and climate change considerations.
  • An annual implementation statement setting out how certain aspects of the SIP have been followed during the scheme year.

Both documents must be published on a website that is accessible free of charge by the general public. Trustees must report on compliance with this obligation in the scheme return.Continue Reading ESG and climate change – new Pensions Regulator campaign

Interest in ESG investing continues to attract attention globally as policymakers and regulators around the world implement policies and regulations to direct or guide behavior and protect the interests of a wide range of stakeholders. Against this backdrop, we observe a rising challenge to so-called “woke capitalism”, particularly with the recent wave of anti-ESG sentiment

The Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA) and the European Leveraged Finance Association (ELFA) have published an ESG questionnaire which they hope will be an industry standard for investors undertaking ESG due diligence on prospective and incumbent asset managers.

The publishing associations hope that this will simplify the due diligence