Pension schemes sign charter to demand climate change action

The charter, created by networking site Mallowstreet, looks to get managers to ask ‘what is the impact on the climate?' for each and every investment they make as well as demand that the carbon impact of investments is both measured and reported. Trustees of some of the UK's largest pension funds are represented among the signatories - including representatives from the Lloyds Banking Group, National Grid, Aviva, Nestle UK and Santander UK pension schemes. The trustees have signed the charter in their personal capacities, and while this is not binding on the pension funds they represe...