"Twelve large investment consultants have joined forces to increase pressure on pension funds that are not taking environmental, social and governance (ESG) factors into account when making investment decisions.
The group of consultants, which includes the big three of Willis Towers Watson, Mercer and Aon Hewitt, advise on close to £1.6tn of pension and insurance assets in the UK alone and have huge influence over the investment decisions of asset owners."
[COMMENTARY] This is great news. However, they’re taking this action because the UK government’s pension regulator says, according to the FT, that, "savers face long-term financial risks because trustees are failing to take climate change, responsible business practices and corporate governance into account when making investments."
[UK] Consultants pressure pension funds over ethical investment. by Aliya Ram, September 23, 2017, Financial Times, UK.