Environmental, social and governance (ESG) in the supply chain is a very interesting angle on the topical question of ESG. It’s not too late to register for Dentons’ webinar: please see the link here if interested – https://www.dentons.com/en/whats-different-about-dentons/connecting-you-to-talented-lawyers-around-the-globe/events/2020/october/21/managing-esg-risk-in-supply-chains-what-to-anticipate-measure-and-manage-now.
An area gathering momentum in the pensions arena, ESG has attracted the attention most recently of the Pensions and Lifetime Savings Association (PLSA). The PLSA’s cross-industry group considering ESG guidance published its climate investment report on 14 October 2020, focusing on seven key areas as “identified barriers”. One of these (namely, addressing poor quality climate data and information) would be key for trustees for making informed and useful decisions on investments. Also, the PLSA looking to encourage more industry-led ESG training and education and working with TPR to ensure guidance for schemes is suitable suggests that there will be support and practical guidance for scheme trustees.
Of course, this comes as DC schemes start having to report annually from the end of this month on how they have implemented their “SIP”. DB schemes have a similar reporting requirement, relating to the implementation of their stewardship policies, applying from October 2021.