Green is the default option for Co-op pension scheme

The Co-op pension fund is investing approximately £300m into companies that score highly for sustainability and with an emphasis on mitigating climate change and / or managing their own carbon footprint. The trustees of Pace, the Co-op’s £11bn pension scheme, which comprises both Defined Benefit (DB) and Defined Contribution (DC) elements, have chosen the LGIM Future World Multi-Asset as the default fund for the DC scheme. This means approximately £290m out of Co-op employees’ £315m defined contribution assets will be invested in companies and bonds that score heavily when it…

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