PARLIAMENTARY WRITTEN QUESTION
Pension Funds: Ethics (1 May 2018)

To ask the Secretary of State for Work and Pensions, whether her Department has made an assessment of the potential merits of introducing a legal duty to consider environmental, social and governance risks as part of fiduciary duty for pension fund trustees.

Asked by:
Anna McMorrin (Labour)

As I noted in my letter of 15 February to the Environmental Audit Committee, which has since been published on the Parliament website, I plan to consult on policy and regulations to clarify the legal duty of trustees of occupational pension schemes to take account of environmental, social and governance risks, amongst others, wherever these are financially material.

My current intention is to publish a consultation in June.

Answered by:
Guy Opperman (Conservative)
8 May 2018