The People’s Pension Shifts £15bn in Assets Towards Climate-Conscious Investment Strategies
The People’s Pension, the UK’s largest independent master trust, has slashed the carbon footprint of its main investment fund by over half within just 12 months.
In its annual Taskforce on Climate-Related Financial Disclosures (TCFD) report, People’s Partnership, the scheme’s provider, disclosed a 53% reduction in carbon emissions within the Global Investments Fund (up to 85% shares). Despite an £8 billion growth in assets over the year, the fund’s carbon emissions have dropped by roughly 400,000 tonnes of CO2e—equivalent to 35.3 tonnes of CO2e per £1 million invested.
This impressive reduction comes nearly eight months after the fund moved £15 billion of its £30 billion in assets into climate-conscious investment…
