The Guernsey Association of Pension Providers (GAPP) is
continuing its leadership in the international retirement and
saving plans space by announcing plans to work on an Environmental,
Social and Governance (ESG) framework for its members.
GAPP President Stephen Ainsworth said the move was in response
to indications that more members would welcome guidance on the
growing emphasis on ESG issues for pension plans.
Although there is no fixed timescale for its release, as GAPP
wants to ensure enough time is spent getting the framework right,
there is a hope that it can be published around mid-2022.
"Pension plan members are starting to question how their
pension assets are being invested and are demanding ESG-friendly
options," Stephen said. "As a result, the GAPP Committee
decided to create a specialist ESG committee to research the
issues. We rapidly concluded that the guidance should be within an
overarching framework, and so we needed to start with
that."
