Climate change – Page 67
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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
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NewsChurch of England leads shareholder rebellion at Exxon
More than 40% of shareholder votes support splitting chairman and CEO roles as investors increase pressure over climate change measures
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FCA urged to investigate fund manager voting policy ‘market failure’ [updated]
Pensions minister tells ‘obstructive’ fund managers to shape up on corporate governance after trustee association files official complaint with UK regulator
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BP investors press company on climate change reporting, targets
Management-backed shareholder resolution gets more than 99% of votes, but Follow This hails backers of its separate resolution as the ‘heroes’
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LGPS investment costs hit £1bn as cost code sheds light on fees
Public sector pension funds in England and Wales reported higher investment costs after a new code of transparency started to take effect
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ESG roundup: Another investor culls tobacco firms
Also: AP7 hails climate change actions by German firms RWE and BASF to address lobbying concerns
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Climate change protesters disrupt pensions conference
Extinction Rebellion representatives press government minister to scale back LGPS’ investments in fossil fuels
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Church fund to vote against entire Exxon board over climate change
Church of England’s £8.3bn endowment fund joins forces with New York public pension fund to increase pressure on oil giant
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Folksam greens SEK80bn foreign portfolio by halving share count
Swedish provider’s equity reshuffle has reduced the carbon footprint of the portfolio by 20%, as it cuts oil sands and coal-related companies
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KLP purges NOK3.2bn of shares as coal ban goes total
The Norwegian pension fund has reduced its coal tolerance limit to just 5% of a company’s revenue, cutting RWE, Sasol and BHP from its portfolio
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Investors urge UK to act on 2050 zero emissions target advice
The UK’s business and energy secretary has pledged that the government ‘will do more’ amid grpwing investor pressure for action
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What does aligning with the Paris climate agreement mean?
An asset owner project launched by the IIGCC aims to develop a common understanding and support implementation of the landmark agreement’s aims
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NewsABP ‘on track’ to meet 2020 sustainability target
Investments linked to the SDGs increased to €55.7bn – but campaign groups claim the €431bn scheme is investing more in major carbon emitters
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NewsInternational bodies seek to address corporate climate data demands
Standard setters collaborate on resource to help bridge TCFD “implementation gap”
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NewsGovernments urged to provide long-term decarbonisation clarity
Investors and corporates say policy makers need to set ‘direction of travel’ to enable them to act
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NewsOil companies not attractive without climate commitment, say managers
UKSIF and Climate Change Collaboration find nearly a quarter of managers believe oil companies are uninvestable
