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UK’s 20 Largest Pension Schemes Without Net Zero Targets Named

Analysis by British pension campaign group Make My Money Matter (MMMM) has revealed the 20 largest pension schemes that have not yet set net-zero targets. The 20 firms include high-profile names such as BMW, British Airways and Diageo, as well as oil and gas majors BP and Shell. With a combined £200 billion in AUM, the 20 pension schemes enable 24 million tonnes of CO2 a year, MMMM said. Other companies, such as Vodafone, Ford and Boots, have committed to net zero or carbon neutrality targets, but their pension schemes are actually not aligned with achieving these goals. MMMM Co-Founder Richard Curtis said: “Leading businesses are urgently acting on sustainability, but it turns out many are missing an enormous trick – their pensions. Now is the time for all businesses to integrate their pensions into their sustainability plans, at the same time as pension funds are being asked to acknowledge the urgency of the moment and themselves set robust net zero strategies. 

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