More ESG news – Page 154
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AP1’s sacked CEO invested personally alongside fund’s IPO deal
Swedish buffer fund chief to receive €595,000 in salary over next 18 months
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UK, Danish pension funds file lobbying resolution against BHP
CEPB and MP Pension among major institutional shareholders demanding that the mining giant abandons lobby groups that operate at odds with the 2015 Paris Agreement on climate change
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NewsMP Pension blacklists oil companies including Shell, BP and Exxon
The Danish academics’ pension fund has analysed the sector and decided to divest stocks worth €86m – and bonds could follow
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Joseph Mariathasan: Shareholders or stakeholders?
Corporations are able to operate without the impact of their activities fully priced into their profit and loss statements
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NewsBlackRock grows stewardship team amid scrutiny
The world’s largest asset manager has been boosting its stewardship resources amid scrutiny of its investment activities
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AP3 sets sustainability goals, seeks to double green investments [updated]
Sweden’s third AP fund pledges to halve its carbon footprint by 2025 and invest €2.8bn in green bonds
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SEC highlights proxy voting rules, guidance amid ESG debate
SEC provides guidance to fund managers about proxy voting responsibilities and to proxy advisory firms about anti-fraud rules
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Alecta chief urges positive reforms as corporate governance overhaul looms
Magnus Billing hopes the Swedish Corporate Governance Board will take inspiration from the UK’s FRC after it updated its code of practice last year
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NewsDisabled workers’ scheme switches to ‘cheaper’ passive strategy
The €8.5bn PWRI is also aiming to expand its responsible investing strategy and has added to allocations to green bonds and its ‘inclusion portfolio’
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NewsAsset manager body hails engagement effect on CEO pay
Analysis on FTSE 100 pay from the High Pay Centre and CIPD shows median CEO remuneration fell 13% to £3.5m from 2017 to 2018
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NewsUS Business Roundtable: A victory for the good guys?
Joseph Mariathasan explores the implications of an influential US business group’s new stance on the purpose of a corporation
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NewsIncluding ESG in fixed income ‘boosts market efficiency’, says Norway’s GPFN
Folketrygdfondet chiefs argue that responsible management of fixed income portfolios gives more holistic view of companies
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PRI gains 500 new signatories in 12 months
500 organisations became signatories to the Principles for Responsible Investment in the 2018-19 period; 69 were asset owners
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ESG roundup: UK ‘economics of biodiversity’ review kicks into gear
Plus: The US Securities and Exchange Commission is to consider whether or not to publish guidance about the use of proxy advice in the shareholder voting process
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Asset managers warned over poor data governance in ESG rush
Report seeks to prompt asset managers to think about ESG data in the same way they would about other important inputs into the investment process
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Joseph Mariathasan: Climate change and central banks
The debate over climate change is certainly heating up – both metaphorically and literally – and could have a profound impact on how central banks behave
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NewsEC tenders studies to advance sustainable finance action plan
The European Commission wants to conduct studies looking into sustainability-related products and services, and the integration of ESG risks by EU banks
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Promoting sustainable finance won’t help save the planet: consultant
Portraying sustainable investments as making a significant contribution to sustainable development is ‘a fairytale’, says Frank Wettlauffer
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SEC proposes revised corporate disclosure rules
US regulator’s revamp is intended to make disclosures more readable for investors and simplify compliance to cut out ‘unnecessary costs and burdens’
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Dutch regulator’s pension fund aims for 30% outperformance on ESG
Pensioenfonds De Nederlandsche Bank also plans to reduce its carbon footprint by 10% relative to benchmark, and cut controversial weapons and tobacco from its investment universe
