GUEST COMMENT: A trustee's responsibility

If there was a responsible investment policy your pension scheme could adopt that the experts say could make a major difference on climate change, would you adopt it? If you’re a professional adviser to pension schemes, would you put it on their agendas?

Since 8 December, when the AMNT launched Red Line Voting, you now have that choice. Red Line Voting is a new approach to responsible investment which will enable pension schemes to adopt meaningful voting policies on environmental and social issues, as well as corporate governance.

We recognise that climate change could have the biggest impact on our long-term investment
returns and so we were determined to develop a policy for trustees that would really make a difference. We worked very closely with CDP, the not-for-profit organisation that holds the largest global collection of self-reported environmental information, in drafting that policy.

We are delighted that CDP has stated that if our Red Lines on the environment are widely adopted, they will be a game-changer in driving corporate change in relation
to climate change.

Until now, there has been no ready-made, easy to understand, effective policy that pension schemes could adopt that would make a difference. At this moment, when the world’s governments have just made a historic agreement on climate change, it is everyone’s responsibility to stand up and be counted.

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