NEWS   |    May 5, 2021

Partner Jane Kola comments in The Legal Diary re the Treasury committee calling for ESG regulations for smaller schemes

This week’s Legal Diary covers a recently published and unanimously agreed report by the Treasury committee, which calls for environmental, social and governance (ESG) regulations for smaller pension schemes.

Jane Kola commented:

“From our experience trustees of smaller schemes which are not in distress situations are engaged and interested in ESG and keen to do their part,”

“The challenge they face is how to do this cost effectively and how to influence change.”

However, there are no common standards and no benchmarks to work with. And given the current market conditions, small schemes do not have the resources to create that metric for themselves.

On that subject, Jane further commented:

“The larger schemes taking the lead should help smaller schemes comply in future years but only so long as that thinking does trickle down,” suggests Kola. “If not then a great deal of time and money will be wasted in compliance that could have been spent more wisely in promoting material and lasting change.”

Read Jane’s comments in The Legal Diary.


The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.

Related News