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Shell may be green when it comes to pension fund ESG requirements

Paul Hodgson | October 12, 2018

A Shell pensioner with a marked interest in sustainability wants some answers from Shell on its climate change policies, or he’s threatening to bring his pension fund to the U.K. Pensions Ombudsman for Shell’s inadequate administration. Christoph Harwood, who was employed at Shell in the 1980s and 1990s, claims he’ll be entitled to a pension from the Shell Contributory Pension Fund (SCPF) when he retires and has been writing to the fund for two years, only to receive what he calls: “unsatisfactory answers to his requests for proof the fund is acting on the threat that climate change poses to its investments and potentially to members’ pensions.” That response came by way of a press release from ClientEarth, the environmental activist law group that is supporting Harwood in his efforts.

Harwood said: “Pension fund managers need to be changing their investment strategies as we move...

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