Wednesday 29 March 2023

Scottish Widows launches £1.4bn climate fund

Scottish Widows has launched a new climate fund that will involve £1.4 billion of assets.

This will see pension investment funnelled to companies that are providing sustainable solutions and tackling environmental issues.

Renewable energy, clean mobility, transport, forestry, sustainable agriculture and biodiversity businesses will benefit from the fund.

Firms with a minimum of 50% of their revenues being driven by sustainable initiatives will receive investment.

It has been developed in partnership with Schroders.

Maria Nazarova-Doyle from Scottish Widows: “With the launch of our new fund, we’re taking steps ourselves towards driving major investment into better outcomes for the environment as well as our customers.

“We have an urgent imperative to support the companies attempting to drive the change our planet desperately needs, while protecting the savings and livelihoods of our members in the long run. More innovative solutions are on the horizon but we must work together to ensure they become a reality.”