| Heading: |
Pension Funds: Environment Protection |
| Question ID: |
1746648 |
| UIN: |
17570 |
| House: |
Commons |
| Date tabled: |
2024-12-03 |
| Asking Member ID: |
4500 |
| Asking Member display name: |
Clive Lewis
|
| Asking Member handle: |
labourlewis
|
| Asking Member Twitter reference: |
@labourlewis
|
| Member interest: |
false |
| Question text: |
To ask the Secretary of State for Work and Pensions, what assessment her Department has made of whether the divestment of pension funds from insurance companies that are not compliant with the UK’s climate commitments is a part of fiduciary duty. |
| Is named day: |
true |
| Date of holding answer: |
|
| Date answered: |
2024-12-09 |
| Date answer corrected: |
|
| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
4077 |
| Answering Member display name: |
Emma Reynolds
|
| Answering Member handle: |
emmaforwycombe
|
| Answering Member Twitter reference: |
@emmaforwycombe
|
| Correcting Member ID: |
|
| Correcting Member display name: |
|
| Correcting Member handle: |
|
| Correcting Member Twitter reference: |
|
| Answer text: |
Trustees have a fiduciary duty to make investment decisions in members’ best interests. Climate-related risk and opportunity is one of the major categories of financial factors of which trustees need to take account, in line with their fiduciary duty. The... |
| Original answer text: |
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| Comparable answer text: |
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| Answering body ID: |
29 |
| Answering body name: |
Department for Work and Pensions |
| Tweeted: |
true |