An initial 14 pension funds have committed to set a net zero goal within a year of signing the Pension Fund Chair Net Zero Statement of Support.

With industry groupings announcing their collective ambition to reach net-zero, the A4S Pension Fund Net Zero Statement of Support helps to amplify the voice of the pension fund chair in the run up to COP26.

The 14 schemes, with £267.9bn of assets include the BT Pension Scheme, HSBC Bank Pension Trust, Barclays UK Retirement Fund, Brunel Pension Partnership, Tesco PLC Pension Scheme and Unilever UK Pension Fund.

Chairs of pensions schemes represent the ‘start of the chain’ for investment decisions. They are responsible for setting the direction of their scheme’s investment strategy and instructing their service providers to follow this mandate. Using their collective voice encourages peers to consider the steps to a net-zero-aligned pension portfolio.

Rather than a demand for others to take action, this statement of support is a commitment by those who are signing it to take action. To support this, A4S has worked with members of its Asset Owners Network, to develop guidance for trustees on the steps towards setting net-zero investment strategies.

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