Pension funds urged to help UK reach net zero climate goals

Pension funds urged to help UK reach net zero climate goals

Pension funds must set a target of net zero emissions for their investments if the UK is to meet its climate goals, influential figures in climate activism have urged. Many people are unaware of whether their pensions funds are invested in fossil fuels or high-carbon activities, and even companies that have publicly committed to reaching net zero emissions may have pension fund investments that are still wedded to high-carbon businesses. As the UK prepares to host the UN climate talks Cop26 in Glasgow this November, several prominent climate campaigners have written to the Guardian to urge pensions companies to sign up to green investment principles. The signatories are: Christiana Figueres, the former UN climate chief who oversaw the Paris agreement; Nigel Topping, the UK government’s business champion for Cop26; Richard Curtis, the film-maker and co-founder of the campaign group Make My Money Matter; and Amanda Mackenzie, chief executive of the charity Business in the Community. “[Cop26] is a unique opportunity for Britain to showcase how our financial system can be leveraged to tackle climate change on the global stage,” they …
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