“Practical Pathway” from Deforestation for UK Pensions 

Make My Money Matter (MMMM), a UK-based environmental non-profit group, has launched new guidance outlining how pension funds can remove deforestation, conversion and associated human rights abuses from their portfolios. To achieve deforestation-free pensions, the guidance’s steps consist of mapping risks, setting an effective policy, monitoring and engaging, disclosing, and eventually eliminating deforestation, conversion and associated human rights abuses. There is currently £300 billion in capital from UK pensions linked to deforestation, MMMM said, noting that 77% of British savers would be unhappy if they discovered their pension is funding deforestation.  The guide was co-created by MMMM, SystemIQ and Global Canopy and received further input from a working group of 12 pension funds, including the Environment Agency Pension Fund, Nest, and Scottish Widows. Huw Davies, MMMM’s Senior Finance Officer, said: “We now need to see pension funds embrace this guidance and set about tackling deforestation with an urgency befitting the crisis that the world’s forests face.”  

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