6.9 Ethical and environmental concerns

Question 1

2013 Pensions Minister Steve Webb said what about pension funds?

Answer 1

• They should be ‘climate resilient’, so as not to be exposed to long-term risks
• He was reacting to a report by responsible investor group Share Action that had shown that UK pension funds are investing too much in firms that are still using carbon-intensive fuels

Question 2

Green finance definition

Answer 2

Investment into sustainable projects and policies that aid the growth of a green economy

Question 3

Measures government have committed to in order to accelerate the growth of green finance:

Answer 3

• Establishing a Green Finance Taskforce
• Delivering proposals to accelerate green investment
• Delivering green standards to promote responsible investment in sustainable projects