Inconsistent ESG scores force USS to make its own decisions

Pension fund needs ESG alternatives to bonds to help close its funding deficit

Simon Pilcher
Simon Pilcher, Universities Superannuation Scheme

When is a green investment not a green investment? When one rating agency says a stock or bond is green, while another says the opposite.

For the chief executive of the investments arm of the £68 billion Universities Superannuation Scheme (USS), the answer may be to decide in-house what counts as a green investment.

“One source will tell you that it’s a pretty green asset, and another source will tell you the opposite,” says Simon Pilcher, who joined the final-salary pension scheme for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: