Pension investment: DWP to 'wholeheartedly resist' prioritising green agenda over returns
Pension savings and investments have been identified by many as a key tool to use to combat the effects of climate change. Today, Guy Opperman, the Parliamentary Under-Secretary for the DWP, was questioned on the Government’s plans on utilising pensions to move to a “net zero” agenda.
“And bare in mind that climate risk is a risk to every single asset that there is.
“There is no asset effectively that is immune to climate change and climate risk, so these methods are already being considered.
“But I would wholeheartedly resist a fundamental change to fiduciary duty in the way in which it’s been suggested by some.”
Many pension holders who may be concerned about the climate may wish to tweak their pensions themselves, as new research showed “greening” a pension can be one of the most effective methods of fighting climate change.
