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One of the largest retirement funds in the UK got 28 billion pounds from State Street, in a high -level example of the owner of assets that return to the decline from ESG among the largest American asset managers.

After reviewing its responsible investment policy, the people’s pension decided to hand over the stock of the markets of 20 billion pounds to Amundi and 8 billion pounds from the assets with fixed income to Invesco.

The scheme, one of the largest multiple contribution plans in the United Kingdom, said that the two companies will take money “with a focus on responsible investment.” I kept only 5 billion pounds with a stert, which had been able to before all its origins.

This step comes amid increasing tensions between long -term investors and American asset managers, which reduced the so -called environment, social investment and governance after Donald Trump’s election. Money managers were also targeted through right -wing campaigns that oppose corporate procedures to reduce global warming and enhance diversity.

“By choosing Amundi and Invesco, we chose to give priority to sustainability and active supervision and create value in the long term,” said Mark Kondron, head of the people’s pension secretaries, who aims to “achieve a balance between strong financial performance.”

The big topic was a growing difference in our position against European asset managers. This is a huge story.

Mikulskis said that the differences in approaches between asset managers have become “more clear”, which made it easy to evaluate what is the best that the box wants to achieve. The plan aims to align all its investments with the aim of maintaining the phenomenon of global warming is less than 1.5 degrees Celsius over the pre -industrial levels.

The people’s pension was looking to increase the number of asset managers who invest with the rapid growth of the fund, which amounts to 33 billion pounds and is expected to reach 60 billion pounds by the end of the contract. The scheme contains approximately 7 million members.

The official investment campaign group criticized this month, along with Blackrock, Fidelity Investments, and Vanguard, for a “disturbing decline in ambition” as asset managers, which together runs 23 trolls, and collectively supported 7 percent of shareholders ’decisions on ESG last year.

Amundi said its responsible investment obligations were a “major factor” in its appointment, and the delegate of the advanced market shares index of 20 billion pounds will be focused on climate. Mikolskis said that the appointments came after a 10 -month review of many managers. The INVSCO administration will include 8 billion pounds of sovereign bonds and corporations, a clear alignment, along with ESG analysis and active participation with exporters.

State Street said it would focus on developing her presence between retirement pension plans for contribution and other markets, and that it was a “strong pipeline” for this year. The company added: “We look forward to continuing our work with people’s pensions on the remaining states.”

The authorization key comes as a set of 26 financial institutions This month, pension funds asked their asset managers to participate more actively with the companies they invest on climate risk.

Some American pension funds have also warned of alleviating climate reporting standards.

Marcy Frost, CEO of the retirement system for public employees in California of $ 5300 billion, said it “is concerned” after the Securities and Stock Exchange Committee indicated that it will not defend the base of climate detection in the court.

CALPERS, which runs 353 billion pounds of assets, said it will hold companies responsible for climate -related disclosure.