Corporate governance – Page 27
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NewsUK pensions regulator in hot seat over lax governance of LDI
The Pensions Regulator was not able to monitor whether its LDI guidance on managing risk was being followed, Work and Pensions Select Committee finds
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Opinion PiecesViewpoint: The carbon credit conundrum – a new approach
The goal of linking verifiable carbon mitigation and nature restoration with a financial return has long been the holy grail for climate-aware investors
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NewsFCA seeks feedback on plans to make investors explain voting decisions
Asset owners are not receiving sufficient information regarding the reason that asset managers had cast votes a particular way
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NewsFirms think fund managers are better qualified to vote than stewardship teams
The FRC prepares to review the UK Steward Code and other regulatory tools later this year
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NewsChurch Commissioners name new head of responsible investment
Plus: Church of England Pensions Board to vote against the re-election of National Grid directors
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NewsBank of England calls on pensions industry for financial stability responsibility
‘Central banks cannot be a substitute for the primary obligation of LDI funds to manage their own risk,’ says BoE
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NewsEuropean Commission proposes stricter rules for ESG ratings providers
The draft legislation requires ESG ratings providers to disclose potential conflicts of interest
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NewsESG roundup: Impact Cubed launches Smart ESG portfolio engine
Plus: IIGCC’s bondholder climate stewardship guidance; Novata sets up private markets’ ESG benchmark collection; Rabobank blacklists Teva Pharmaceuticals
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NewsMore clarification on fiduciary duty for pension scheme trustees needed, says UKSIF
UKSIF recommended that relevant government departments issue guidance for UK occupational pension schemes on a statutory or non-statutory basis
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NewsUSS aims to be ‘more rigorous’ in its stewardship
New approach ‘may see us vote against reappointment of responsible directors,’ says USS chair
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NewsLGIM grows climate engagement list by 500%, prioritises lobbying
The Climate Impact Pledge applied across LGIM’s equities and fixed income portfolios
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NewsUK roundup: New Airways pension fund reappoints PwC as trustee
Plus: AEAT pension case highlights gaps in members’ complaints route; Cambridge University scheme picks Redington for advice
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NewsUniversities Superannuation Scheme resumes fossil fuels court battle
The claim is one of the UK’s largest crowdfunded legal actions and has attracted significant grassroots support from other pension members
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NewsSustainable finance group pushes for transparency of ESG rating agencies
The group recommends the upcoming regulation covers all providers of ESG ratings and scores selling their products and services in the EU, regardless of a company’s headquarters
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NewsISSB urged to re-think approach to human capital, rights
A new group – the Forum ISSB Preparers Group – will offer ISSB insights and perspectives to achieve a comprehensive global baseline for sustainability reporting
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NewsExperts ‘very concerned’ about EU row-back in proposed CSRD standards
Leaving entities free to choose which areas were material before disclosing ‘allows companies to leave out entire parts of the sustainability disclosures’, says Eurosif
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NewsUK master trusts don’t survey members on risk appetite
‘Risk considerations are not driven by member views but by expert opinion,’ says Hymans Robertson
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NewsESG roundup: Asset owners move to standardise climate stewardship
Plus: Just Climate solutions fund raises $1.5bn in institutional capital; Pension funds slow to invest in biodiversity
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NewsAlecta to diversify equities, cut non-Nordic exposure and add indexing
Swedish pensions heavyweight announces first steps in crisis-driven strategy overhaul
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NewsCorporate governance: Investors rethinking Say on Climate votes
To prevent investors from being overloaded, the French SIF has begun evaluating every Say on Climate proposal in France
