Inconsistent ESG scores force USS to make its own decisions
Pension fund needs ESG alternatives to bonds to help close its funding deficit
When is a green investment not a green investment? When one rating agency says a stock or bond is green, while another says the opposite.
For the chief executive of the investments arm of the £68 billion Universities Superannuation Scheme (USS), the answer may be to decide in-house what counts as a green investment.
“One source will tell you that it’s a pretty green asset, and another source will tell you the opposite,” says Simon Pilcher, who joined the final-salary pension scheme for
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