The £46bn Northern Local Government Pension Scheme (NLGPS) has become the latest major pension scheme to sign up to the Make My Money Matter (MMMM) pledge as part of its commitment to sustainable investment.
NLGPS’ collaboration with MMMM, the pressure group set up by film director and Red Nose Day founder Richard Curtis, is part of the pool’s ambition to invest 100 per cent of assets in line with the Paris Agreement on climate change, and help members understand the importance of knowing where their pensions are invested. This includes meeting the Paris Agreement to achieve net zero carbon emissions by 2050 and exploring the feasibility of a 2030 target in line with the IPCC’s 1.5-degree pathway.
NLGPS Chair Cllr Ged Cooney says: “Collaboration is critical in driving positive change. NLGPS’s partnership with Make My Money Matter confirms our commitment to sustainable investment. We are confident through our work with other likeminded investors and organisations, that a just transition to a zero-carbon economy is completely achievable.”
Richard Curtis, co-founder, Make My Money Matter says: “It’s exciting to see the Northern LGPS, one of Britain’s largest public pension funds working to tackle the climate emergency, commit to partnering with Make My Money Matter to push this vital agenda forward. Combined with Nest, Aviva, BT and South Yorkshire, that’s £152bn saving to create a future we all want to retire into. We’re facing an existential challenge – it’s time for all UK pension funds to make money matter and commit to halving their emissions by 2030 and going Net Zero by 2050.”