The Church of England Pension Board (which oversees the £2.8bn pensions for the Anglican clergy) has launched the first passive index on the London Stock Exchange that enables passive funds to invest in companies aligned to the Paris Agreement. The FTSE TPI Climate Transition Index was developed in collaboration with FTSE Russell. The Church of England will invest an initial £600m in the index.
David Cumming from Aviva Investors urges asset managers to adopt a more radical approach in the face of climate change. David provides guidance on engagement, internal structures that are needed within asset managers, and communication.