Some of the UK's biggest company pension funds — including those belonging to Aviva, BP, Lloyds Banking Group and HBOS — have been attacked for their inaction on climate change by an influential committee of UK MPs.
The UK Parliament said in March it would quiz 25 British pension funds, managing £555bn between them, on their plans to address the risks global warming might bring to their portfolios. Publishing its conclusions on May 25, the committee's chair Mary Creagh said: "A minority of funds appear worryingly complacent."
