Stuart O’Brien writes in Professional Pensions about the bigger net zero picture for pension scheme trustees
Pension scheme trustees have a fiduciary duty to exercise their investment powers for the purposes of paying members’ pensions and taking account of relevant (usually financially material) factors. But can trustees apply these principles to prevent the companies they invest in from engaging in business strategies that have a negative impact on people and planet, thereby improving the chances of their members retiring into a <2°C world? Stuart O’Brien, partner, applies ‘the prisoners’ dilemma’ to trustees and ESG.
Read the full article here.