Scottish Widows targets net zero across £170bn fund range by 2050

Scottish Widows becomes the first major pensions and insurance provider to target halving the carbon footprint of all its £170bn investments by 2030 in its path to net zero by 2050. The company – which has more than six million customers in the UK – will also be investing billions of pounds in climate solutions, such as renewable energy, low carbon buildings, and energy efficient technologies, by 2025 to underline its commitment to positive change. The ambitious move almost doubles the meaningful commitments the pension industry has pledged to reaching…

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Scottish Widows to divest £440m from companies that pose significant ESG risk

Scottish Widows is to divest at least £440million from companies that have failed to meet its environmental, social and governance (ESG) standards,and warned this figure could grow much further if companies do not take action to improve the sustainability of their business practices. The insurer is working with its fund manager partners to begin divesting from firms that pose the most severe investment risk due to the nature of their businesses. Scottish Widows’ new exclusions policy targets companies which derive more than 10% of their revenue from thermal coal and…

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