Has the scope for ESG investments by pension schemes widened?
A recent case (Butler-Sloss and others v Charity Commission for England and Wales) has been handed down where the court has permitted the trustees of two charities to adopt an ESG-based investment strategy. This is notwithstanding that the trustees acknowledged that the investment strategy would provide a lower rate of return in the short-term when compared with other, less restrictive, investment strategies.
In this alert, we look at the impact of this case on the scope for ESG investments by pension scheme trustees.
Click here to read more.