LifePath’s responsible investment credentials
Over the past two years, we’ve worked closely with BlackRock to move assets in the LifePath default strategies into funds incorporating environmental, social and governance (ESG) screens.
As at December 2022, 80% of assets in the early years and 45% in the retirement stage fund have been moved into funds incorporating ESG screens.1
We plan to increase these levels over the coming months and years, in line with the LifePath climate objective that states the funds will aim to target an absolute reduction of 50% in carbon emissions intensity by sales, over the 10-year period between June 2019 to June 2029.2.
This aligns with our commitment, made in 2019, to reach net zero by 2050 and to halve emissions by 2030 for our default funds.
The value of an investment can go down as well as up and isn’t guaranteed. The final value of your pension pot when you come to take benefits may be less than has been paid in.
For advice as to whether a fund is suitable for you, please speak to a financial adviser. MoneyHelper gives free and impartial guidance to help make your money and pension choices clearer. If you don’t have a financial adviser, you can visit MoneyHelper to find the right one for you. There may be a charge for this.
¹Aegon and BlackRock. As at December 2022.
²The current intensity metric to be monitored is intensity by sales, however there is flexibility within the prospectus for this to change through time. ‘Intensity by sales’ measures the volume of a company’s carbon emissions divided by its total revenue, so CO2 emissions / $M revenue.