Following the news that Parliament’s Work and Pensions Committee has told the Government that COP26 is an opportunity to ‘green’ the world’s pensions, Jamie Jenkins, Royal London’s Director of Policy and External Affairs, said:
“We welcome further exploration of harmonising reporting standards if it helps raise the bar on responsible investment. As an investor our engagement with companies give us an opportunity to positively influence behaviours and practices, and reduce the negative ESG impacts of the companies in which we invest.
“Divestment may be a moral consideration but divesting from an unsustainable company does not guarantee their emission removal from the real economy.”
About Royal London
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £153 billion, 8.8 million policies in force and 4,075 employees. Figures quoted are as at 30 June 2021.