United Kingdom · Question · Written question
UIN 17570
Pension Funds: Environment Protection
Introduced
3 December 2024
Last action
9 December 2024 · Answer
Status
Answered
Sponsors
—
Subjects
Environment
Source updated
9 December 2024
Summary
To ask the Secretary of State for Work and Pensions, what assessment her Department has made of whether the divestment of pension funds from insurance companies that are not compliant with the UK’s climate commitments is a part of fiduciary duty.
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Timeline
3 December 2024
Written question
To ask the Secretary of State for Work and Pensions, what assessment her Department has made of whether the divestment of pension funds from insurance companies that are not compliant with the UK’s climate commitments is a part of fiduciary duty.
Source: Commons
9 December 2024
Answer
Trustees have a fiduciary duty to make investment decisions in members’ best interests. Climate-related risk and opportunity is one of the major categories of financial factors of which trustees need to take account, in line with their fiduciary duty. The...
Source: Written answer
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Sponsors
- · Department for Work and Pensions · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2024-12-03/17570
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1746648
- uk · wq-1746648 · source updated 9 December 2024