Opperman unveils taskforce to address 'S' in ESG investing

Principles, standards and metrics

Pensions and financial inclusion minister Guy Opperman will lead a newly established taskforce to help pension schemes address the risks and seize the opportunities of the “social” element in ESG investing.

The Department for Work and Pensions said the taskforce would support pension scheme trustees and the wider pensions industry with some of the challenges around managing social factors, including the identification of reliable data sources and useful resources for pension schemes to assess and manage financially material social risks and opportunities. It said this work will contribute towards the development of wider principles, standards and metrics. Social factors can include issues ranging from workforce conditions and supply chains to community engagement, consumer protection and...