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Pension fund goes green

One of Britain&#39s biggest pension funds is going green.


The Universities Superannuation Scheme has bowed to pressure from senior academics whose pensions are paid by the fund, to be more active on ethical issues.


The fund controls £20bn assets and will use specialist researchers to confront companies over their social and environmental records.


Their research will help fund managers pressing for the adoption of “best practice” on ethical issues in companies.


Attempts to embrace these issues may lead to USS selling shares in companies which refuse to clean up. But USS chief executive David Chynoweth, said: “We are more concerned to influence the way companies do things.”


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