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Article

10 Jun 2010

Author:
Hugh Wheelan, Responsible Investor

UK parliamentary motion says BP disaster shows need for better pension fund ESG reporting

A cross-party group of UK Members of Parliament (MPs) has called on their parliamentary peers to push UK pension funds to do more to look at environmental risk in their investment as a result of the ongoing BP Deepwater oil spill disaster. Three UK MPs, Zac Goldsmith (Conservative), Martin Horwood (Liberal Democrat) and Caroline Lucas (Green Party) have lodged an Early Day Motion – an open discussion book for comment by MPs – that calls on the government to make pension funds report fully on their policy and practice regarding environmental, social and governance (ESG) risks.