Put Pensions “at the Heart” of FTSE 100 Sustainability Efforts

FTSE 100 firms’ pension investments are responsible for financing seven times more CO2 emissions than their business operations, according to a new report. The report by Route2, commissioned by campaign group Make My Money Matter (MMMM) and pension provider Scottish Widows, shows FTSE100 companies’ pension investments finance 131 million tonnes of CO2 per year, typically not reported in their sustainability strategies. Separate research by MMMM shows that less than half of CEOs and business leaders know that their company pension scheme could be driving climate change and less than one-in-ten FTSE 100 companies even mention pensions within their sustainability strategies. Scottish Widows’ research shows 72% of workers want their employer to invest their pension sustainably. Richard Curtis, MMMM’s Co-Founder, said: “For too long, businesses have failed to capitalise on this opportunity. We hope this report acts as an urgent wake-up call and puts company pensions – and the billions invested by them each year – at the heart of all organisations’ sustainability strategies.” 

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