Climate change – Page 28
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NewsPension funds call on ISS to step up on climate proxy voting advice
Investors raise concerns about inconsistencies and lack of specific net-zero policy in IIGCC-coordinated letter
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NewsNew recruits bring sovereign climate engagement group to $8trn AUM
New members include insurer Munich Re, pension funds LGPS Central and Rest, and the Queensland Investment Corporation
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NewsCO₂ emission reporting requirements on govvies confuse Dutch pension funds
The question whether to treat green bonds as emissions-free is proving divisive
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NewsTPR calls on trustees to make climate scenario analysis ‘useful’ amid criticism
The criticism presents a ‘timely opportunity to take stock and look ahead’, says TPR
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NewsPPF latest climate report shows focus on high-quality disclosure
The fund has been spending ‘considerable’ time gathering climate assessment for every asset class, says CIO
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NewsInvestors accused of making themselves forced sellers over climate thresholds
Buying ConocoPhillips bonds likely to push firm over oil sands thresholds and raise fiduciary duty questions
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AnalysisAnalysis: Greenwashing risk in sovereign green bonds
‘The political cycle drives much higher volatility for sovereign green bonds than corporate ones when it comes to climate credibility,’ says Ulf Erlandsson
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NewsPRI’s Fabian pens net zero alliances defence
Senior PRI figure says ultimate investors and investment managers play different roles
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NewsFinancial institutions failing to integrate nature and climate, warns CDP
New report says most FIs lack governance mechanisms and board-level expertise
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NewsDenmark’s AkademikerPension welcomes overtures from architects
PAD members favour AkademikerPension’s record on climate and the scheme is considering ditching its current investment provider Sampension
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AnalysisAnalysis: Disagreements abound over pension funds’ climate scenario models
USS wants more ‘useful’ ways of assessing climate pathways, while experts at UK pension regulator tell funds to challenge consultants on current results
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NewsDanish architects pension fund vows more transparency, green investment
Fund has overhauled board, citing strong desire from members for “constructive and efficient management” and may switch from Sampension
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NewsNestlé pension fund considers private equity impact investments top priority
It will also establish a climate risk-management framework for investment opportunities that will be integrated in its sustainable investment policy
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NewsFew asset managers reveal own climate vulnerability, UK watchdog finds
FRC assesses ‘quality and maturity’ of climate-related metrics and targets disclosures in four sectors, including asset management
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NewsESG roundup: Asset managers still invest in assets misaligned with Paris Agreement
Plus: Article 8 funds suffer outflows of €14.6bn, says Morningstar report; GSS bonds could claim EU green bond standard label
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NewsUSS reduces carbon emission intensity by 21% but warns more needs to be done
‘The government and regulators have a huge part to play here, not least by ensuring a predictable, transparent, and stable regulatory environment,’ says Innes McKeand
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NewsShropshire pension fund set on climate engagement – in line with fiduciary duties
Responding to new Carbon Tracker report, UK local government pension fund says figures used are three years old
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Opinion PiecesViewpoint: It’s the government’s move now
Pension funds should urge governments to support new products and habits to reduce CO2 emissions
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NewsReport slams pension funds and advisers for false climate assumptions
Carbon Tracker report cites advice from Mercer and information given to members from LGPS Central; Mercer says report ‘presents an incomplete, and therefore misleading, summary of Mercer’s climate change analysis’
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Opinion PiecesViewpoint: Climate change action is failing
Recent research showed that around two in three respondents in financial organisations did not believe their own climate promises could be kept in time
