Stuart O’Brien comments on UKSIF’s report on ESG policy failings
Stuart O’Brien comments on the UK Sustainable Investment Forum’s (UKSIF) review on ESG which indicated policy failings and “large scale non-compliance among trustees who have mostly failed to publish their SIPs as the ESG regulations require”
Stuart said that their report included “some pretty bruising findings” but that it arguably was not surprising pension schemes had adopted stock wording for their expanded SIPs.
“My sense is that in a lot of cases that was a conscious choice to get compliant by the deadline, but with a view to spending more time developing more comprehensive policies this year and in time for the next SIP update deadline of October 2020,” he said.
“I am hopeful that things will get a lot better this year.”
Read the full article in Investment & Pensions Europe.