The Pensions Regulator has warned that trustees failing to meet their environmental social governance (ESG) and climate change reporting duties face fines of up to £50,000.

Climate change and diversity will be the focus of investment managers during this year’s FTSE-listed companies AGM season, according to the Investment Association (IA).

Two major fund managers, Fidelity and Janus Henderson, have today separately launched mutual funds designed to help tackle climate change.

Aberdeen Standard Investments (ASI) has launched a range of climate funds aimed at supporting the shift towards net zero global emissions.