Climate change – Page 10
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News
UK’s leadership in sustainable finance under threat, says UKSIF
A new UKSIF report shows that more favourable policies could see up to £100bn AUM shifting towards sustainable finance
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News
KPA Pension, Folksam, invest in early-stage climate solutions firms
Swedish pensions and insurance group puts €45m into oversubscribed Norrsken Venture Capital Fund II
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News
SAUL is first UK scheme to adopt pass-through voting across DC, DB plans
The move strengthens the £3bn University of London’s stewardship powers which is particularly focused on voting for resolutions at the Climate Action 100+ companies
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News
IASB releases final ruling on green transition accounting teaser
While companies are making generous statements about their net zero commitments in public, they are failing to account for the cost of those pledges
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News
PGB to focus sustainable investments on biodiversity, food systems
70% of members of the €37bn Dutch multi-sector fund support a focus on sustainability, according to a recent survey
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News
AP4 ‘does not agree’ with Glass Lewis, ISS Shell climate resolution advice
AP4 is one of 27 institutional investors who co-filed the shareholder resolution with activist group Follow This
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Features
Modelling shows net-zero investing can be profitable
Since the acceptance of the Paris Agreement in 2015, which bound nations to a legal commitment to reduce global temperatures, there has been a clear shift towards net-zero investing. While socially responsible investments are crucial for the mitigation of climate change, recent calls to row back on ESG funds suggest some hesitation.
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Opinion Pieces
Striking the right balance on pension funds and fiduciary duty
Pension fund investment principles, strategies and decision-making have all become more complex in the wake of the growth of sustainability factors in general and climate change in particular. This has made the interpretation and practice of trustee ‘fiduciary duties’ more vexed and challenging than ever. A recent review of fiduciary duties in the UK by the Financial Markets Law Committee (FMLC) put it this way: “It is sometimes easier to state the duties than it is to apply them.”
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News
Denmark’s PFA offloads €160m Shell holding after goal weakening
Bessing says still believes Shell better positioned for green transition than vast majority of oil and gas companies
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News
Nature Action 100 unveils benchmark indicators for assessing corporates
Companies will be assessed on the quality of their disclosures and actions
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Analysis
Corporate Sustainability Due Diligence Directive final text gets green light
MEPs have now signed-off on an agreement which means the law will only apply to very large companies
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News
MN to support Follow This resolution at Shell AGM
MN’s main explanation for its voting intention is that Shell’s 20-30% liquefied natural gas growth doesn’t align with the Paris Climate Agreement
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News
Denmark must make forestry more appealing for investors, says IPD
Pensions lobby responds to official climate report on Denmark’s future land use, which concludes afforestation needed
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News
Church Commissioners appoints ‘planet lead’
Laura Moss-Bromage will design and lead the Church Commissioners’ portfolio-wide biodiversity strategy
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News
Mandate nature transition plans, finance sector urges governments
Although climate transition plans must incorporate nature, there is a specific need for dedicated nature transition plans
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News
Investors want more clarity on decarbonisation plans for UK transport industry
UK government risks creating an investment hiatus through its inconsistent and opaque approach to public-private engagements
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News
Sampension, KLP says Shell conceded over lobbying after its efforts
Danish, Norwegian pension funds linked up with ACCR to file shareholder proposal for transparency over oil giant’s EM climate and energy lobbying
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News
Time for SBTi to stand aside, says Allianz SI head amid offsets fallout
Science Based Targets initiative (SBTi) caused an uproar earlier this month with an announcement about allowing companies to use ‘environmental attribute certificates’ to abate certain Scope 3 emissions
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News
Private financial sector calls for treaty to end plastic pollution
Treaty should include harmonised targets across plastics value chain and ensure that companies assess and disclose plastic-related risks and opportunities
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Opinion Pieces
Viewpoint: What if climate policy wasn’t ‘backsliding’?
Nothing screams policy forward-sliding like a solar sector unleashed, permanently beating scenario expectations