- The Association for Privately Administered Pensions from Romania (APAPR) has announced it will adopt a code of conduct for its members.

The code will include a set of principles that underline the individual decisions members take in exercising the quality of pension funds as institutional shareholders. APAPR considers the ‘Code of conduct of private pension fund managers regarding the involvement of pension funds in the governance of the companies in which they have invested’, another step aimed at consolidating the excellent reputation that the private pension sector has accumulated since its inception until now. Through this initiative, APAPR wishes to signal to pension fund participants and all stakeholders the existence of a predictable decision-making process based on ethical criteria and solid professionals.

- A hub for circular economy companies will be established in the Arabia135 block owned by Finnish earnings-related pension provider, Varma.

The Circular Economy Hub aims to promote sustainable business and new circular economy innovations. The operation will be launched by the City of Helsinki's innovation company Forum Virium Helsinki and Business Helsinki in a two-year Arabia Circular Economy Hub project funded by the Helsinki-Uusimaa Regional Council. The Hub's operating model will be developed in collaboration with the Arabia 135 Quarter.

- The People’s Pension delivered a 53 per cent reduction in total carbon emissions within its Global Investments Fund in the past 12 months, its annual Taskforce on Climate-Related Disclosures (TCFD) report has revealed.

Despite the scheme’s assets growing by £8bn in the past 12 months, the total carbon emissions of the fund fell by around 400,000 tonnes of CO2e, equivalent to a reduction of 35.3 tonnes of CO2e per £1m invested. This follows the fund’s announcement of the move of £15bn of its assets under management (AUM) into climate-aware investment strategies, which has since risen to £18bn. It was anticipated that this allocation of funds would reduce carbon emissions of the fund by at least 30 per cent, but the new TCFD data showed that this reduction was “significantly” higher.

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