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Environmental, Social and Governance

Environmental, Social and corporate Governance (ESG) factors are increasingly on the trustee agenda.

While much thought has gone into identifying sustainable investment, trustees and sponsors are also now beginning to think about the impact of ESG risks on the employer covenant.

Most sponsors will face challenges from ESG factors and climate change in particular. At Cardano Advisory, we are at the forefront of helping clients evaluate those risks. We have developed innovative offerings in this area to help provide trustees and sponsors with practical steps to help them meet this challenge, whether that is helping to understand the possible impact of rising sea levels on operations or government policy responses increasing operating and financing costs.

See our resources below for more information.

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  •  
    Tool

    MACCI: Model today for the risk of tomorrow

    We have worked with leading academics to develop MACCI, a ‘first of its kind’ scenario-focused approach which breaks down the complexity of climate change to help trustees model covenant risk.

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    Public policy consultations

    DWP climate risks consultation

    On the 27th of January 2021, the Department for Work & Pensions published their paper and consultation for improving governance and reporting of climate change risks by occupational pension schemes. We’ve digested what this means for trustees and highlight some key points.

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    article

    “Be prepared to fix it or pay for it”

    Managing Director Michael Bushnell explains that Cardano Advisory’s role, as employer covenant and related services advisor, is to look for the potential issues that might arise in a sponsor company, so that the pension fund trustee is prepared for them.

  • Video

    ‘Exploring two big challenges in pensions’.

    In this webinar, we explore how the pensions industry can tackle both known and unknown challenges related to climate change and the coronavirus pandemic. Michael Bushnell talks about climate change and covenant.

  • Video

    Luca Taschini about Climate Change

    Watch the video with Luca Taschini, Reader in Carbon Finance, University of Edinburgh Business School sharing his insight on climate change and the new framework developed with us to help trustees and sponsors tackle this challenge.

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    Article

    Are you climate change ready?

    In his article, Michael Bushnell, explains the main reasons why climate change impact on covenant is often ignored and explains how a new framework devised by us in collaboration with Luca Taschini, Reader in Carbon Finance, University of Edinburgh Business School, may help.

  • Video

    In conversation with Margaret Heffernan

    In this video Margaret Heffernan talks about navigating uncertainty with coronavirus and climate change. She shares her insight on both of these events in the context of ‘wilful blindness’ exploring have we chosen to ignore the issues? This video is a continuation of the Imagine Conference which was themed ‘Wilful Blindness’ in the pensions industry that took place on 12 February 2020.