Climate change – Page 63
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ATP, PKA invest in European Investment Bank’s DKK3bn climate bond
First Danish kroner bond issued by an sovereign, supranational or agency was praised for fostering transparency
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NewsUK to explore mandatory climate reporting for pension funds, companies
Government green finance strategy welcomed, but investors emphasise it must only be seen as a first step
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UK pension fund figures sign climate impact pledge
Signatories pledge to push asset managers to engage with investee companies about their impact on climate and plans to transition to a low-carbon future
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NewsPenSam blacklists 26 oil firms but sticks with Shell, BP
Danish pension fund divests more than €17m worth of shares in its latest equity portfolio exclusions move in support of the Paris Agreement on climate change
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Pension fund ESG integration ‘dangerous’, claims economist
Economist Henrique Schneider splits the audience at a Swiss conference by speaking out against sustainable investment as a fiduciary duty
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NewsUK regulator sets out climate change investment guidance for DC schemes
TPR also urges trustees to consider the liquidity requirements of their members as spotlight falls on daily dealing investment funds
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NewsSchroders flags tipping point for action on climate change
Cost-benefit equation seen as increasingly in favour of policy action to support move away from fossil fuels
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AP Pension launches sustainable pension product
Danish provider says the product supports UN Sustainable Development Goals and will invest in green bonds
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€28bn nuclear decommissioning fund adopts new MSCI climate indices
Energy giant EDF says it believes in ‘enabling transition to a low carbon economy’ and plans to allocate to assets benchmarked to MSCI’s third range of climate-related indices
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NewsLGIM sees results from ‘engagement with consequences’ over climate
UK’s largest asset manager reports improvements at companies in sectors that are pivotal to low carbon transition, but has axed companies including ExxonMobil and MetLife
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Expert group releases climate taxonomy proposal
EC publishes guidelines for corporate reporting of climate-related information alongside three expert group reports on big day for the Commission’s sustainable finance plan
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ESG roundup: Alphabet ‘should lead on responsible use of AI’, says Hermes
Also: Investors back carbon pricing accord at Vatican summit; CDP leads calls for better environmental reporting at 700 companies
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NewsHow the EU’s sustainability taxonomy will work for investors
Criteria for sustainable activities drawn up by EU-appointed experts could help reduce costs and reputation risks
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AXA IM calls for ‘transition bonds’ to help companies go green
New type of debt could help investors overcome challenge of financing companies aiming to become more environmentally-friendly
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NewsAlecta CEO calls on Swedish debt office to back green bonds
Magnus Billing says Sweden’s Riksgälden should get past its objections to green bonds and learn from French example
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Ex-CEOs of major European pension funds back new climate endowment
Mats Andersson, formerly of AP4, and Philippe Desfossés, ex-CEO of ERAFP, named as supporters of fund targeting €20-40bn in assets
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NewsCorporate climate-related financial information ‘still insufficient’: TCFD
Task Force on Climate-related Financial Disclosures uses artificial intelligence to analyse effectiveness of disclosures on climate-related issues
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German, Swiss and Austrian investors report spike in ESG investments
Sustainable investments volume increased by 50% across Germany, Austria and Switzerland, says FNG
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Joseph Mariathasan: Climate change and Asia
The effects of global warming and rising sea levels are being felt most keenly in countries in Asia
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ESG roundup: LSE buys analytics provider Beyond Ratings
Also: Exclusions lead sustainable investment surge in Switzerland; EIOPA consults on climate change and Solvency II; UK minister says schemes ‘doing the right thing’ on climate change