ESG disclosure requirements help achieve better real-world outcomes, according to attendees of a Society of Pension Professionals (SPP) event.
The Society of Pension Professionals (SPP) hosted a member-only seminar this week with the goal of discussing workable solutions for the many ESG (Environmental, Social, and Governance) disclosure regulations that apply to pension schemes of all sizes.
The event covered both compulsory and voluntary reporting, including everything from human rights, social considerations, and governance to nature and climate change.
More than one hundred attendees were asked to respond to a survey that was carried out at the event in order to provide feedback on how effective ESG disclosure standards are for pension schemes to “achieve better real-world outcomes”.
According to the findings, almost two-thirds (62 per cent) of respondents said they either “very much” or “to some degree” believe disclosures lead to better real-world outcomes. Meanwhile, only 16 per cent thought that ESG disclosures were just a “box-ticking exercise.”
Capital Cranfield professional trustee Panel Chair John Nestor says: “The fact so many in the industry recognise the importance of ESG disclosure requirements as providing real-world benefits rather than simply being a regulatory burden, bodes very well for the future both in terms of compliance and in working towards better environmental, social and governance outcomes.”