XPS Pensions Group signs up to Net Zero Investment Consultants Initiative

XPS Pensions Group signs up to Net Zero Investment Consultants Initiative

14 Jun 2023

XPS Pensions Group has joined the Net Zero Investment Consultants Initiative (NZICI) in a further step to support the global goal of net zero greenhouse gas emissions by 2050 or sooner. Through the initiative, XPS will help drive change in the pensions industry by supporting pension schemes to achieve their own ambitious targets.

The NZICI’s nine commitments relate to investment advisory services and business operations, including the integration of advice on net zero alignment into all investment consulting services. The initiative is endorsed by the United Nations Race to Zero campaign and the Principles for Responsible Investment (PRI).

Alex Quant, XPS Head of ESG, commented: “Responding to the climate crisis is central to the advice we give to our clients. By joining the NZICI, we are furthering our longstanding commitment to help raise standards across the industry. Pension schemes need to take strong actions, improve transparency and make positive steps to reducing emissions. Investment consultants play a vital role in driving this change, and XPS are committed to playing our part.”

The commitments proposed by the NZICI align with XPS’s approach to sustainability. Being a responsible business is at the core of our strategy and how we operate. Through our Responsible Investment Policy, ESG and sustainability are already embedded into our investment recommendations and client advice. In 2021, XPS also became carbon neutral across our entire value chain following an audit of our greenhouse gas emissions, which was undertaken with the support of industry experts.