Tag: Scottish Widows

Four in five looking to change jobs demand green pensions

Stuart Mitchell

People are choosing to work for employers that provide ‘green pensions’, according to new research from Scottish Widows. Data from the pension, investment and life insurance provider’s first Green Pensions Report, released today (Oct 3), reveals the views of employees and employers relating to sustainable workplace policies and individual practices. Across the UK workforce, eight out of ten employees (83%) view climate change as an important issue – expecting their employer to take an active stance on ESG issues and implement sustainable workplace practices. One quarter (24%) of employees cited…

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Scottish Widows doubles divestment from firms posing ESG risk to £3bn

Stuart Mitchell

Scottish Widows has announced another £1.5 billion worth of divestments in a major new update to its exclusions policy, which contains a flagship commitment to divest from tobacco firms. Scottish Widows – which looks after around £190bn of savings and investments for over six million customers in the UK – will not invest in any company deriving more than 10% of its revenue from tobacco. This 10% threshold means that all tobacco manufacturers and major distributors are excluded, without hampering investments in companies from other industries that may derive a…

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Scottish Widows becomes first UK insurer to publish its roadmap to net zero

Stuart Mitchell

Scottish Widows launches its Climate Action Plan, becoming the first major pensions and insurance provider to clearly define its long-term strategy for achieving its decarbonisation targets and a net-zero portfolio by 2050. The company – which looks after nearly £190bn of savings for more than six million customers in the UK – sets out four key actions in its Plan, which will enable the halving of portfolio greenhouse gas emissions by 2030 and the delivery of net zero carbon emissions by 2050 whilst maximising their customers’ return on investment. These…

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Scottish Widows invests in green UK businesses with its rebooted Environmental Fund

Stuart Mitchell

Scottish Widows has launched a ‘rebooted’ Environmental Fund which aims to deliver strong growth for savers by investing hundreds of millions of pounds in ‘great green’ British businesses. The fund, which is available to six million customers, will also be 100% fossil fuel free, with the widest fossil fuel exclusions of any major pension provider. The emerging green economy is expected to grow rapidly over the next decade as the UK and other major economies look to deliver on their net zero commitments, along with thousands of companies, organisations and…

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

Stuart Mitchell

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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