02 Nov 2009 12:11:06
Investors urged to consider a low carbon future
The environment and attaining a low carbon economy are both areas pension fund investors need to be more aware of, a responsible investment body has claimed.
According to Fairpensions, pension funds have enough shares in companies to influence the way a company acts.
More people need to be aware of the importance of responsible investment, where their investments are taking into consideration of environmental and human rights issues, the organisation explained.
Duncan Exley, director of campaigns at Fairpensions, said: "We are saying to pension funds, 'look you have got some long term interests.
"Making sure the company and therefore your investment is future-proofed against things like climate change is something that you have the power to do and you have a real interest in doing."
Gareth Thomas, international development minister, last week called on the P8 Group of public pension funds to help increase the amount of funding for low carbon investments in the developing world. http://nds.coi.gov.uk/content/detail.aspx?NewsAreaId=2&Re...