XPS Pensions Group is the latest advisory services firm to sign up to the Net Zero Investment Consultants Initiative (NZICI).
The NZICI set out a series of commitments for member firms, aimed at reducing the carbon footprint of their business operations while also integrating advice on net zero alignment into all their consulting services. This initiative has been endorsed by the United Nations Race to Net Zero campaign and the UN-backed Principles of Responsible Investment (PRI).
XPS head of ESG Alex Quant says: “Responding to the climate crisis is central to the advice we give to our clients. By joining the NZICI, we are furthering our long-standing commitment to help raise standards across the industry.
“Pension schemes need to take strong actions, improve transparency and make positive steps to reducing emissions. Investment consultants play a vital role in driving this change, and XPS are committed to playing our part.”
The commitments proposed by the NZICI align with XPS’s approach to sustainability. XPS says being a responsible business is at the core of its strategy. TXPS says ESG and sustainability are already embedded into its investment recommendations and client advice through its responsible investment policy.
XPS became carbon neutral across its value chain in 2021, following an audit of its greenhouse gas emissions, which was undertaken with the support of industry experts.