You may have seen the term “sustainability” used by businesses to cover a number of things. But what does it mean for the Trustee and how it manages the M&S Pension Scheme?
Put simply, it’s about the Trustee recognising its responsibility to protect the planet and make sure the decisions it makes today don’t compromise the payment of pensions to members in the future. As a significant fund with assets of more than £11bn, the Trustee believes it can make a difference and takes the sustainability of the Scheme seriously.
To do this, the Trustee chooses new investments which provide long-term growth and reviews how all investments meet certain ESG standards.
What does ESG stand for?
ESG stands for Environmental, Social and Governance and is used to provide a picture of an investment or a company’s standards towards sustainability, equality and corporate fairness.
How does the Trustee use these standards to make a positive contribution to the planet?
The Trustee either:
- Chooses to invest in companies or investment funds that contribute to a specific ESG theme, such as renewable energy or social housing. Or;
- Encourages the companies the Scheme is already invested in to improve their awareness of ESG issues, like their impact on climate change or approach to human rights issues.
More information
You can read the Trustee’s 'Approach to Socially Responsible Investment'.