UK pension funds and asset managers found to be investing at least £37.3bn in companies involved in, or associated with, large-scale land acquisitions, according to a new report commissioned by Friends of the Earth.
Friends of the Earth’s report, ‘What’s your pension funding? How UK institutional investors finance the global land grab’, highlights the investments of UK institutional investors, such as British Airways Pension Fund, Legal & General and Standard Life, in companies accused of grabbing land, destroying the environment, and undermining sustainable livelihoods.