We use cookies to support features like login and allow trusted media partners to analyse aggregated site usage.
To dismiss this message and allow cookies to be used, please click "Continue".



Twitter board

Follow us
  • RT @PensionsSion: Portfolio Prepared? Join us and @portfolio_inst on 4th July 2018 to hear presentations on latest investment trends, helpi…yesterday
  • RT @csgmoore: My latest feature for @portfolio_inst where I use the USS crisis to explain everything you wanted to know about valuing defin…yesterday
  • RT @JohnRalfe1: @csgmoore @portfolio_inst Very good piece #USSyesterday
  • RT @eVestment: How is interest in #realestate impacting the #UK pension business? @portfolio_inst has a look https://t.co/1w82Kz4o6Vyesterday
  • Karen Shackleton @MJHudsonCorp #SRI implementation as part of risk management is mainstream now @portfolio_inst #SRI Roundtableyesterday
  • John Olsen: "A key strength of the British asset management industry is now asset managers get together and work on… https://t.co/ADtXBGga0qyesterday
  • Discussing investment challenges at the @portfolio_inst #SRI Roundtable with @esmeefairbairn @AonHewitt… https://t.co/r1iYOrYeloyesterday
  • Lively debates at the @portfolio_inst #SRI Roundtable https://t.co/9j0ajME8Ztyesterday
  • John Olsen, fund manager: "Industry wide frameworks on #SRI can kill a lot of constructive dialogue" @MandGcareeers @mandgprofyesterday
  • Tim Manuel @AonHewitt: Challenge with passive #SRI investing - your outcomes could be completely different dependin… https://t.co/U1OjPYqd2syesterday
  • Wim van Hyfte: Short term benchmarking is a huge challenge to #SRI investing which should be more long-term oriented @candriamyesterday
  • Wim van Hyfte, global head of responsible investments and research @candriam : I'm not sure we need a universal def… https://t.co/qvYRbFglf3yesterday
  • Tim Manuel, UK head of responsible investment @AonHewitt: "The best way to progress the discussion on ESG is to foc… https://t.co/hCSwTi55Qqyesterday
  • James Brooke Turner, investment director, @NuffieldFound :"It is no longer acceptable to make money at any price"… https://t.co/vUKTy2ENcYyesterday
  • Beatrice Hollond, trustee at @esmeefairbairn Foundation says overall, pension funds should be responsible investor… https://t.co/4UZcRdjxF5yesterday
  • Our Responsible Investment round table is kicking off, featuring @esmeefairbairn @AonHewitt @MandGCareers… https://t.co/81pUdO6DBYyesterday
  • Beatrice Hollond: "When we started the #ESG focus was very much on smaller funds, we now implement it as part of ou… https://t.co/YyNm9OUoFsyesterday
  • Karen Shackleton @MJHudsonCorp "I can easily see pension funds applying ESG in all equity and bonds investments, th… https://t.co/Fiv4xmbrPKyesterday
  • Tim Manuel @AonHewitt "the benefit of divestment is that is very easy to implement, #ESG engagement requires a much more nuanced approach"yesterday
  • Beatrice Hollond @esmeefairbairn #ESG Engagement with boards can have a deeper impact over time "yesterday



Latest Roundtable


ESG: Better long-term outcomes?


Responsible investing is evolving. Few investors still talk about socially responsible investing (SRI) when targeting better behaved companies.  Today the term environmental, social and governance, or ESG for short, is more likley to be dropped into those conversations instead.

The new term has been coined to encompass a wider range of factors, yet it is causing confusion. There is no universal term to define ESG. Is it about ethics? Is it for religious groups? Or is it for people who vote for the Green Party?

Not knowing what it is does not help investors to identify such companies or, more importantly, measure performance. This is an important point. Although investing in companies that have high governance standards, a diverse leadership team or a low carbon footprint is not a new concept, its popularity is growing.

Part of the attraction is that such an approach to making investment decisions is believed to reduce risk. This is why more and more fund managers are making it their  business to explain how they implement ESG factors into their investment strategy when pitching trustees for a mandate. For a growing number of investors it is no longer seen as just an add-on, yet there are many who do not understand it and, as such, have left it off their agenda.

Some ESG managers look to the regulators to help move it into the mainstream. Regulators and law makers are taking notice with the Law Commission making recommendations in this area, the EU introducing the Shareholder Rights Directive and a parliamentary commission is examining how pension schemes are fighting climate change.

This can only be good news for those pushing a more sustainable investment agenda. Part of responsible investment’s evolution is that it is no longer about screening out certain companies or industries. This has put trustees at odds with divestment campaigners.

Shell and BP are widely seen as huge contributors to climate change and the risks for investors are clear. But will shareholders voting with their feet make the world a cleaner place? These energy giants generate huge cash-flows, which they reinvest into developing cleaner technologies. This is just one example of why engagement and not divestment should be at the heart of ESG strategies.

Another issue has been the difficulty in measuring the non-financial performance of a business. It appears that although better quality research is emerging on the impact such strategies could have on portfolios, ESG is still more belief than proof-led. A lot more work is needed before this changes.

All climate change scenarios could spell trouble for pension funds

All climate change scenarios could spell trouble for pension funds

Mark Jeavons and Tim Manuel (pictured) are part of the Responsible Investment team at Aon

Read more
How index investors can change the future

How index investors can change the future

There are multiple ways for tracker funds to help foster better financial and societal outcomes, says Meryam Omi, head of sustainability and responsible investment strategy at Legal & General Investment Management.

Read more
Is bigger really better?

Is bigger really better?

Is the era of unjustifiably high pay packets in the boardroom coming to an end?

Read more

Kindly sponsored by:

If you are interested to participate in one of our future roundtable discussions please contact us for further details.

John Waterson
Head of sales UK
T: +44 20 78228567

Friday View

Friday View

How investor action helps cut CO2 emissions