As EU regulation rolls out potently across the E, S and G areas, translation and implementation at the country level becomes paramount. In turn, governments are evolving their domestic responses to ESG, notably on climate change based on their nationally determined contributions (NDCs) to the Paris Agreement. In the biggest European institutional markets this is rapidly translating into pension fund attention on ESG reporting, strategy and related asset decisions.
The UK has announced a 10-point plan for greening its economy as it prepares to host COP26 in 2021.
1300+ UK pension funds running assets of circa £1 trillion are already responding to the Financial Reporting Council’s new UK Stewardship Code 2020. Additionally, the Pension Schemes Bill will likely introduce mandatory climate risk governance and TCFD reporting for pension schemes, and trustees are already having to focus on ESG under recent DWP regulatory guidance.
The RI UK conference will bring together leading policy makers, regulators, investors, asset managers and service providers to discuss how the UK is adapting, responding to, and advancing ESG and sustainable finance initiatives.
It is a week-long event, comprising 5 plenary discussion sessions (one per day, Mon-Fri).
UK ESG developments that will be discussed:
- How UK investors need to prepare for the incoming EU Sustainable Finance Disclosure Regulation (SFDR) and green Taxonomy
- Adopting new laws on reporting to the Taskforce on Climate-Related Financial Disclosure (TCFD)? Preparation for potential mandatory net-zero CO2 emissions targets?
- What the government’s Green Industrial Revolution means for investment, and how might COP26 turbo charge plans?
- How can UK institutional investors back government policy to mitigate the cost of biodiversity loss and damage to ecosystems?
- The impact of UK policy and regulatory requirements on pension funds and corporates?