Reading list

The resource list below is not intended to be exhaustive, but rather to give an indication of some useful and publicly available tools and reports should trustees wish to explore specific issues further. PLSA members should contact [email protected] if they would like to be signposted towards reading on related issues not covered here.

Regulatory and legal background

• EU IORPII (in force from January 2017)
• Pension Funds and Social Investment (Law Commission, 2017)
• Occupational Pension Schemes (Investment) Regulations 2005 (amended in September 2018)
• Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019

Industry frameworks and toolkits

• ICGN Model Mandate (International Corporate Governance Network, 2012)
• Stewardship Disclosure Framework (PLSA ongoing)
• Aon Pension Trustee Checklist - Understanding trustee decision making (Aon, 2017)
• The ABC of ESG (Mercer, 2018)
• Red Line Voting Initiative (AMNT, 2018)
• Holding Investment Consultants to Account: A guide for trustees (AMNT/UKSIF, 2018)
• Corporate Governance and Voting Guidelines (PLSA, 2019)
• ESG and climate change for pension funds - Putting the law into practice (Sackers, 2019)
• Responsible Investment: A guide for Defined Benefit trustees and Responsible Investment: A guide for Defined Contribution trustees (Hymans Robertson, 2019)
• ESG: Are you asking the right questions (ARC Pensions Law/River and Mercantile, 2019)

Further reading

• The Bridges Spectrum of Capital - How we define the sustainable and impact investment market (Bridges Fund Management, 2015)
• ESG risks in Default Funds: Analysis of the UK's DC Pension Market (PLSA, 2017)
• More Light, Less Heat: A framework for pension fund action on climate change (PLSA/ClientEarth, 2017)
• Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD, June 2017)
• The Investment Association Stewardship Survey (Investment Association, 2018)
• Sustainable investment, show me the evidence (Willis Towers Watson, 2018)
• 2018 Responsible Investment Policies (Principles for Responsible Investment (PRI), 2018)
• Pensions for the Next Generation: Communicating What Matters (ShareAction, 2018)
• Winning Climate Strategies (Asset Owners Disclosure Project, 2018)
• Sustainable Ownership Report 2018 (RPMI Railpen, 2018)
• A Guide to Climate-Related Risks (LCP, 2017)
• Climate Change Challenges: Climate change scenarios and their impact on funding risk and asset allocation (Aon, 2018)
• In search of impact - Measuring the full value of capital: Update: The Investment Impact Framework (Cambridge Institute for Sustainability Leadership, 2019)
• Investing in a Time of Climate Change, the Sequel (Mercer, 2019)
• Sustainable investment in action: Practical solutions for investors (Willis Towers Watson, 2019)