More ESG news – Page 110
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News
Wandsworth adds renewable fund amid decarbonisation start
Public pension fund adopts policy to progressively decarbonise its investments and seek investment opportunities that will outperform in a 2°C scenario
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NewsNorway’s SWF stands back from looming shareholder battle for Exxon
Largest proxy voting firm advises clients to vote for rebels
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NewsBoE sets out CBPS greening options after net-zero remit update
Central bank proposes balance sheet use be to prod ‘decisive’ net-zero action
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Dutch pension funds exit Chinese companies over Uyghur concerns
ABP, PMT, Detailhandel and Woningcorporaties have sold their stakes worth a total €115m
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New tool released to help institutional investors take climate action
‘Expectations Ladder’ provides expectations for issuing and implementing comprehensive climate action plans
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CFA Institute tweaks ‘architecture’ in draft ESG disclosure standards
Organisation also addresses concerns about conflict with or duplication of SFDR
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NewsPME sees investment management costs rise by 28%
The bulk of the performance fees were paid to private equity managers
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NewsNordic roundup: NBIM, AP Funds’ ethics chief, AP7 bemoans reporting
NBIM rejects three firms on human-rights grounds
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News
KPA funds swimming pool via €49m green bond placement
Folksam subsidiary invests in green bond issuance from Sweden’s Linköping local authority.
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NewsSwedish FSA backs pension foundations’ bid for EU taxonomy exemption
Watchdog argues that the foundations do not technically offer financial products, so fall outside proposal’s scope
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News11% vote against Shell energy transition strategy, 30% for Follow This
€238bn Dutch pension fund PFZW contributes to 11% vote against Shell’s own resolution on its energy transition strategy
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NewsIEA maps out ‘narrow’ pathway to net-zero energy system by 2050
A stop to investment in new fossil fuel supply projects among milestones in keenly awaited scenario
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News
Germany’s sustainable strategy ‘turning point’ disappoints occupational pensions
Government has set its target for climate neutrality by 2045, instead of 2050, and to cut CO2 emissions by 65% by 2030 and by 88% by 2040
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NewsToughen planned climate reporting rules for UK firms, say investors
PLSA disappointed government only encouraging scenario analysis – not requiring
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NewsEurosif floats KPI choice rule change for taxonomy alignment reporting
Association recommends all three KPIs be covered in periodic reporting for helpful additional information for investors
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NewsIOSCO registers ‘strong support’ for sustainability reporting initiative
The IFRS Foundation has set up a working group to prepare the ground for the establishment of an SSB
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News
Danish watchdog sees SFDR splitting investment products market
Some providers surprised by degree of detail in the regulations, and finding timescale hard, says FSA’s head of sustainable finance
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NewsImpact practices weaker at later stages of investment cycle – research
BlueMark relays findings, creates benchmark after completing 30 verifications of alignment with impact management principles
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NewsInvestor group to build tool to assess climate change governance, performance
The project team includes BTPS and CEPB, alongside the Net-Zero Asset Owner Alliance, IIGCC and PRI, among others
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NewsThink tank proposes ‘guard rails’ for sustainable finance integrity
Draft framework seen as unique because it covers ‘full suite of public and private financial actors’
