Climate change – Page 30
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NewsAkademikerPension sees positive return impact after shedding last oil/gas major
Danish occupational pension fund divests Italy’s Eni, excluding last large upstream oil and gas company in its portfolio
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NewsInvestors call on Rishi Sunak to not backtrack on climate change
IIGCC, PRI and UKSIF, among others, expressed concern with the prime minister’s proposals to ‘backtrack on vital policy measures that support the UK’s transition to net zero’
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NewsESMA focuses on digital change and green transition
In 2024, ESMA will develop rules for sustainable finance as part of the new European Green Bond Regulation
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NewsExxonMobil Pension Plan gets first ever TPR fine on climate change reporting
In a response to the Regulator, the trustees assured TPR they ‘took their climate reporting obligations seriously and that their non-compliance was inadvertent’
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News190 investors write to companies over management of nature
Launch reflects growing focus on nature in sign of defiance against US clampdown on collaboration
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NewsInvestor group rejects basis for UK government delay of net zero policies
‘Staying the course not incompatible with addressing immediate cost of living concerns’
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NewsGFANZ moves to define four types of transition finance
Net zero body invents ‘Expected Emission Reductions’ calculation in bid to quantify impact of such investments
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NewsUS Treasury releases net zero financing and investment principles
Secretary Yellen says goal is to ‘affirm importance of credible net zero commitments’
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NewsTNFD launches final disclosure recommendations
TNFD activities coincide with legislation on nature-related disclosures mooted in some countries
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NewsNorway’s SWF steps up climate demands from companies
NBIM says firms need to move on from disclosures and target-setting to execution phase
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NewsFinance sector ‘not in the driving seat’ on green transition, says IIF official
Finding global consensus and alignment on financial sector policy and regulation around climate risk and transition planning is difficult
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NewsSFDR ‘likely helped’ reduce greenwashing risks – study
CFA Institute found that asset managers are mostly ‘appropriately disclosing’ ESG approaches, but there is room for improvement
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NewsNorthern Trust hones in on digital carbon credits platform
First official live transaction planned for later this year
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NewsMismatch of climate objectives between fiduciary managers and trustees – study
Over 50% of fiduciary managers surveyed did not give explicit climate-related requirements for underlying funds in their investment strategies
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NewsAllianz discloses first net-zero transition plan with 2030 targets
The insurer plans to support the ramping up of renewable energy by investing an additional €20bn in climate and cleantech solutions
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NewsInvestor groups set out elements of effective climate policy
Investor Group produces report as part of move to refine approach to policy advocacy
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NewsUSS and academics develop new approach to climate scenarios
New narrative scenarios are more realistic than mainstream quantitative scenarios, according to new report
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NewsISSB, European institutions collaborate to align sustainability reporting standards
‘We will be well placed to ensure investors are provided with better information for better economic and investment decision making,’ says ISSB’s vice chair
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NewsUK taxonomy group advises government to diverge from EU approach
GTAG recommends that government keeps taxonomy focussed on clearly defining green economic activities
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NewsPRI calls for work on tools to integrate net zero in strategic asset allocation
PRI report delves into recommendations to meet investors’ climate data needs
