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Pensions and ESG Soundbite series

24 March 2021 | Uk


There is an increasing focus on the management of environment, social and governance (ESG) risks, including climate-related risks, by UK pension schemes, providers and assets managers. New and increasing disclosure requirements mean that trustees, providers and asset managers will be exposed to even greater scrutiny from policymakers, regulators, members and civil society groups. Corporate sponsors also need to be alive to the reputational risks that can arise if their pension scheme is out of step with their own corporate values on these issues.


Episode 1: The evolving landscape

Featuring Ashley Hamilton-Claxton, Head of Responsible Investment at Royal London Asset Management

In this podcast, Ashley Hamilton-Claxton, Head of Responsible Investment at Royal London Asset Management, shares her:

  • views on how pension schemes and asset managers are responding to recent legal and regulatory changes relating to pensions and ESG
  • insights on how attitudes to ESG risks are being affected by Covid-19
  • tips on how trustees should go about preparing their new investment implementation statements
  • expectations for how this area is likely to develop in the coming years, and
  • thoughts on what the DWP's proposed new requirements regarding climate-relate risks would mean for trustees and asset managers.


Episode 2: Implementing ESG in DC pensions

Featuring Emma Douglas, Head of DC at Legal & General Investment Management (LGIM)

In this second episode, Tim Smith, Pensions Professional Support Lawyer is joined by Emma Douglas, Head of DC at Legal & General Investment Management (LGIM) and they discuss:

  • LGIM's approach to managing ESG risks in the context of its DC schemes and on behalf of its trustee clients
  • the successes that LGIM has had through its engagement with companies and what happens when engagement doesn't work
  • how trustees can assess whether their asset managers are taking ESG risks seriously
  • how prepared the industry is to set climate-related metrics and targets and to conduct scenario analysis, and
  • the risk of member complaints and legal challenges related to ESG issues.

Episode 3: Responsible investment in practice

Featuring Caroline Escott, Senior Investment Manager at RPMI Railpen

In this latest podcast in our series on Pensions and ESG, Michael Aherne, Of Counsel, discusses what it means to implement a responsible investment strategy in practice with Caroline Escott, Senior Investment Manager at RPMI Railpen. In particular, Caroline shares:

  • how her interest in responsible investment and stewardship began and her career journey to date
  • how RPMI Railpen is preparing for the new governance and disclosure requirements relating to climate risks, and
  • her views on how to engage with members on ESG and responsible investment.

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