The Pension Protection Fund’s (PPF) newly published sustainability strategy outlines four sustainability goals across responsible investment, diversity and inclusion, community impact, and operations and supply chains. The UK-based asset owner has £39 billion (US$49.5 billion) in AuM, protecting 10 million defined benefit pension scheme members. The fund has already achieved net zero for Scope 1 and 2 (direct emissions), and is now targeting reaching net zero in its operational supply chain by 2035 or sooner with a ramp up in sustainability efforts under its first sustainability strategy. The fund’s sustainability goals include quantifiable targets, such as ensuring a minimum 80% of companies in its Climate Watchlist for public markets investments are providing valuable disclosures on Scope 1 and 2 emissions. Kate Jones, Chair of the PPF, said: “We are proud to launch our first sustainability strategy today which sets out four key outcomes-focused sustainability goals for our organisation in areas we believe we can make a real difference. Our ambition is to catalyse the growth of a more sustainable pensions industry and lead by example by moving the needle on diversity and inclusion and playing an active role in the communities we work in.”
Our sustainability strategy includes our 4 key sustainability goals in areas we believe we can make a real difference. We're fully committed to achieving these goals!
Read more on our website: https://t.co/NlVFlFS6oJ pic.twitter.com/85SAOIfkif
— Pension Protection Fund (@PPF) July 5, 2023