Press release
Northern Trust Delivers ESG Reporting Solutions to Marks & Spencer Pension Trust
ESG Analytics Support for £11 Billion Pension Fund’s Oversight, Governance and Reporting of Investments LONDON--(BUSINESS WIRE)-- Northern Trust (Nasdaq:
About this update from Northern Trust Corporation
[{"type":"text","content":"\nESG Analytics Support for £11 Billion Pension Fund’s Oversight, Governance and Reporting of Investments\n\n LONDON--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) today announces it is delivering a range of Environmental, Social and Governance (ESG) investment reporting solutions for the Marks & Spencer Pension Trust (M&SPT) in the United Kingdom (UK). The services support M&SPT’s oversight, governance and reporting of investments.\n\nNorthern Trust is providing M&SPT with analytical reporting solutions through its ESG Insights service, launched in 2020. M&SPT uses the data and insights delivered by the service to help track specific environmental risk indicators associated with its investments.\n\nM&SPT also draws on this information to monitor the scheme’s ongoing alignment with its ESG objectives, and to support engagement with asset managers and stakeholders on investment strategy and asset allocation. The data will also be used to support its mandatory UK climate risk Task Force on Climate-related Financial Disclosures (TCFD) reporting.\n\nThe Marks and Spencer Pension Scheme is one of the UK’s 25 largest corporate pension schemes (source: Pension Funds and their Advisers 2021). It is a defined benefit (DB) pension scheme of which M&SPT is trustee, with £11 billion of assets (as at 30 April 2021).\n\nSimon Lee, head of M&SPT and chief investment officer, said: “As trustee of the Marks & Spencer Pension Scheme, we are determined that the impact of our investment decisions today does not compromise our payment of pensions in the future. The data and insights provided by Northern Trust allow us to meet our ESG responsibilities as we select and manage investments whilst supporting our overall objective to provide long-term security for our members’ benefits.”\n\nMark Austin, head of UK, Institutional Investor Group at Northern Trust, said: “As a long-term partner to the retirement industry, Northern Trust is focused on helping pension managers and trustees meet their governance and reporting obligations. Supporting M&SPT’s requirements for ESG-related insights and heightened transparency over its assets is a natural extension of our role as its asset servicer. We are committed to closely supporting our client’s requirements as they continue to evolve, along with the demands of the market.”\n\nIn addition to delivering ESG a...