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Has the scope for ESG investments by pension schemes widened?
A recent case (Butler-Sloss and others v Charity Commission for England and Wales) has been handed down where the court has permitted the trustees of two charities to adopt an ESG-based investment strategy. This is notwithstanding that the trustees acknowledged that the investment strategy would provide a lower rate of return in the short-term when compared with other, less restrictive, investment strategies.
In this alert, we look at the impact of this case on the scope for ESG investments by pension scheme trustees.
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