So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Prudential plc ( Prudential ) today announces plans to decarbonise its portfolio of assets held on behalf of its insurance companies with a new goal of becoming net zero by 2050
1. The pledge is aligned to the Paris Agreement, which invites parties to commit to holding the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels, and to pursue efforts to limit the temperature increase to 1.5 degrees Celsius above pre-industrial levels, recognising that this would significantly reduce the risks and impacts of climate change. · A 25 per cent reduction in the carbon emissions of all shareholder and policyholder assets by 2025
€62bn Nordic pension firm asks asset managers to commit to net zero
Nordea Life & Pension is asking asset managers to make net zero commitments if they want to manage capital on firm s behalf going forward. 5 May, 2021
Nordea Life & Pension has asked asset managers to commit to a net zero target if they want to manage capital on the pension firm’s behalf going forward.
This is part of the firm’s climate target for 2025, which also includes the aim to reduce the carbon intensity of its portfolios by at least 25% by the end of 2024.
‘For us and our customers, sustainability is essential, and as an asset owner we have a great opportunity to influence how the assets are managed,’ said Katja Bergqvist, CEO of Nordea Life & Pension.
Both tenants and investors are increasingly focusing on office building’s carbon footprints when considering new deals.
As the push to become carbon neutral accelerates globally, there is increasing pressure on office building owners to implement changes to accommodate those goals, including by making their buildings more energy efficient, using sustainable building materials, reducing waste and improving water systems. Some 105 big companies, including Amazon, Microsoft, Unilever, and BlackRock among others, have pledged to be carbon neutral by 2040, with additional firms promising to reduce carbon emissions by 2030. More than 100 countries, including the U.S., have pledged to become carbon neutral by 2050.
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