Miranda Bryant and Rich Collett-White
Thirteen investors including Universities Superannuation Scheme accused of hypocrisy
Investors funding bids to expand UK airports have been accused of hypocrisy after it emerged they are signatories to a UN green investment scheme.
Members of the Principles for Responsible Investment (PRI) scheme, who number more than 4,000, publicly commit to acting in “the best long-term interests of our beneficiaries”, including incorporating environmental issues into their investment analysis and decision-making.
But analysis by the environmental investigation group DeSmog has found that 13 signatories to the scheme are also investors in UK airports with expansion plans, including Heathrow, Gatwick, Stansted and Bristol.