LONDON–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) today announces that it offers a range of environmental, social and governance (ESG) reporting solutions for the Marks & Spencer Retirement Trust (M&SPT) in the United Kingdom (UK). The services support M&SPT’s investment oversight, governance and reporting.
Northern Trust provides M&SPT with analytical reporting solutions through its ESG insights service, launched in 2020. M&SPT uses the data and information provided by the service to help track specific environmental risk indicators associated with its investments.
M&SPT also relies on this information to monitor the program’s ongoing alignment with its ESG objectives and to support engagement with asset managers and stakeholders on investment strategy and asset allocation. The data will also be used to support its UK Climate Risk Task Force on Climate-Related Financial Disclosures (TCFD).
The Marks and Spencer pension scheme is one of the 25 largest company pension schemes in the UK (source: Pension Funds and their Advisers 2021). It is a defined benefit (DB) pension scheme of which M&SPT is a trustee, with £11 billion in assets (as of 30 April 2021).
Simon Lee, Head of M&SPT and Chief Investment Officer, said: “As Trustees of the Marks & Spencer Pension Scheme, we are determined that the impact of our investment decisions today will not jeopardize the payment of our pensions in the future. The data and information provided by Northern Trust enables us to fulfill our ESG responsibilities when selecting and managing investments while supporting our overall goal of providing long-term security for the benefit of our members.
Mark Austin, Head of UK Institutional Investors Group at Northern Trust, said: “As a long-term partner to the pension industry, Northern Trust is committed to helping pension plan managers and trustees meet their governance and reporting obligations. Supporting M&SPT’s requirements for ESG-related disclosures and increased transparency about its assets is a natural extension of our role as an asset manager. We are committed to closely supporting our customers’ requirements as they evolve, as well as market demands.
In addition to providing ESG analysis, Northern Trust also provides M&SPT with a range of asset servicing solutions including global custody, financial reporting and administration and specialist fund analysis for M&SPT’s private market portfolio. M&SPT.
Northern Trust’s analytical solutions are provided by its Investment Risk & Analytical Services (IRAS) group. The group supports over US$8.1 trillion (as of December 31, 2020) of investments by asset owners and asset managers worldwide. With consultants in Chicago, London, Basel, Abu Dhabi, Singapore and Melbourne, IRAS provides performance measurement, risk analysis and compliance monitoring of investments and private market analysis – enabling clients to have a better understanding of their investments for more informed decision-making.
Northern Trust’s institutional investor group provides services to over 290 UK pension funds with collectively over US$945 billion (as of 31 December 2020) of assets under safekeeping. Clients served include defined contribution master trusts, DB company schemes and UK local government pension funds, with assets ranging in size from $20 million to $60 billion.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2021, Northern Trust had assets under custody/administration of US$14.8 trillion and assets under management of US$1.4 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA Please read our global and regulatory information.
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