There's more than £2 trillion invested in UK pensions* - and we’re working hard to unlock the power of the money your clients save with us, helping us invest in the transition to a low carbon economy.
Our research shows that customers care about climate change and we believe that the best outcome for our customers is that, collectively, we achieve the goals of the Paris Agreement and this informs our strategic goals. This is why we've committed to aligning our investments to net zero** by 2050 and reducing carbon emissions from our investment portfolios by 50% by 2030.
We are signatories of:
**Net zero is the balance between the carbon emitted into the atmosphere and the carbon removed from it.
We are responsible for managing over £150 billion as at June 2022 of your clients' and our customers' money. We believe we can make a significant difference on our customers' behalf by actively engaging with particular businesses and projects we invest in to influence positive ESG outcomes, while also delivering investment returns.
Rising to the challenges
We believe that companies that provide solutions to the challenges humanity faces do better than companies that cause problems.
We’re building on our responsible investment heritage to develop more solutions so you can invest in the low carbon transition.
It is not time to be passive
We work actively with the companies that we invest in to influence their plans to reduce their carbon emissions and transition to a sustainable world in a way that considers the impact on society.
We support initiatives that encourage progress in the fight against climate change. We are committed to achieving net zero by 2050 across our investments to meet the goals of the Paris Agreement. Please refer to footnote 1.
We’ll continue to look for ways to reduce our impact, become more efficient, and always think about the environment when making decisions about our offices and operations.
We take this responsibility seriously, so we’ll measure how we’re performing against our commitments on a regular basis, and will report our own environmental footprint publicly to our customers and members too.