More ESG news – Page 159
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Norway’s SWF dumps €139m of cannabis stocks after criticism
The Government Pension Fund Global made €45.7m in two months from the investments, according to Norwegian newspaper report
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NewsSwiss authorities consider ban on pension broker commission
Pension fund association Asip has supported plans to overhaul the country’s rules on fees paid to brokers for promoting second-pillar funds
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Frankfurt-based index provider Solactive backs UK proxy voting firm
Solactive has made a ‘significant strategic’ investment in Minerva Analytics, which was founded after a management buyout of Manifest
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KLP blacklists NOK3bn of alcohol and gambling investments
NOK692bn provider cites health and social issues as it cuts 90 companies from its investment universe
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NewsSweden revamps AP fund boards with industry veterans and academics
New chairs for AP1 and AP3, along with three new deputies and 12 new board members across the €126bn system
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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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Investors remain unconvinced on financial benefits of diversity
Some major asset owners are concerned that focusing too much on workforce diversity could put them in breach of their fiduciary duty
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Sustainability accounting standards investor group expands
NBIM, Brunel Pension Partnership and Canadian pension funds among 15 new members of advisory group
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News€5.9bn Dutch green bond deemed ‘expensive’
APG, PGGM, SPOV and Cardano were allocated €411m collectively, from a total of €5.9bn raised by the first AAA-rated sovereign green bond
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PGGM to increase impact investments through private equity funds
The asset manager has found that innovative companies are usually too small for direct investment to be suitable
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NewsSSGA presents ‘game-changing’ ESG scoring system
SASB-based transparent system incentivises companies to improve practices and reporting of environmental, social and governance issues
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NewsManagers urged to comply with new cost disclosure templates
Minister warns government could legislate to enforce new transparency codes if managers fail to adopt the templates voluntarily
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Dutch asset managers positive ahead of sovereign green bond debut
Dutch state Treasury Agency poised to tap the market with a 20-year bond for a target volume of €4bn-€6bn
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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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NewsIlmarinen backs BlackRock US ESG exchange-traded fund with €750m
Finnish pension insurer co-developed the ETF as part of a shift towards responsible investments in its €47bn portfolio
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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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ESG roundup: PE manager claims record with $700m impact fund
LeapFrog attracts European pension funds, asset managers and insurers for impact fund; Finnish pension insurer Varma backs human rights campaign
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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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People moves: Santander appoints UK pensions chief [updated]
Santander, ATP Real Estate, AP1, The Carlyle Group, PineBridge, PIMCO, Majedie, Link Asset Services, Law Debenture, Scottish Widows, Solactive
