Twelve leading investment consultants have agreed to ensure their clients are made aware of The Pensions Regulator’s (TPR) guidance that pension schemes take into account ESG factors where they are financially material. This commitment could mark a significant acceleration in the growth of long-term, sustainable, investment strategies.

The Association of Member Nominated Trustees (AMNT) now has 700 members from pension schemes with collective assets totalling more than £650 billion, and together with the UK Sustainable Investment and Finance Association (UKSIF) acted on behalf of members to ask consultants how their firms will act upon the guidance issued by TPR in March. The AMNT and UKSIF are delighted that twelve firms have committed to action.

The firms (in alphabetical order) are: Allenbridge, Aon Hewitt, Barnett Waddingham, bfinance, Cardano, Hymans Robertson, JLT Employee Benefits, Lane Clark & Peacock, Mercer, Quantum Advisory, Redington, Willis Towers Watson

Simon Howard, Chief Executive of UKSIF, said: “We are delighted at the positive response from these important players in pensions. The Pensions Regulator’s guidance makes it clear that savers are entitled to have their money protected from visible threats such as climate change, and we hope that the commitment from leading investment consultants to brief and help clients will accelerate the process. We look forward to working with all parties to make sure it does.”

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