ESG Leaders Asset Owner Series: NEST’s Katharina Lindmeier on £5.5bn climate allocation

UK pension fund the National Employment Savings Trust (NEST) recently announced that it would pump £5.5bn (€6bn) – its entire global exposure to development market equities – into the UBS Life Climate Aware World Equity fund, as part of an overhaul of its strategy to include a sweeping new climate change policy. 

In this video, NEST’s Responsible Investment Manager Katharina Lindmeier speaks with RI’s Daniel Brooksbank about the rationale for the decision, the response from beneficiaries … and how its asset managers have reacted.