More ESG news – Page 160
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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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NewsEuropean investors seek managers for €575m across equities, CTAs, credit
Five mandates tendered via IPE Quest are closing in the next few days: emerging market equities, low volatility equities, alternative credit, CTAs and convertible bonds
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ABP to focus on energy transition to support local economy
Civil service scheme says it has been difficult to find sufficient investment volume to allocate to domestic assets in the Netherlands
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PMT ditches 27 countries from tailor-made EMD index
The €77bn Dutch metalworkers’ scheme has rolled out a new benchmark focused on sustainability in emerging market fixed income
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UK public pension pool allocates $60m to private equity impact fund
Allocation made on behalf of four of Brunel Pension Partnership’s local government pension scheme clients as impact investing appetite grows
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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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ESMA: ‘We need to be more nuanced about sustainability’
Sustainability is about more than a binary choice between ‘brown’ and ‘green’ assets, says Europe’s top financial regulator
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Varma shakes up sustainability approach to meet global standard
The leading Finnish pension provider gained 5.1% in the first quarter of 2019, bouncing back from a 2% loss in 2018
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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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NewsNetherlands roundup: Port workers eye legal action against regulator
Plus: A survey of pension scheme members has found that three quarters supported ESG investing – and would accept lower payouts to facilitate it
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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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Norwegian sovereign fund rejects outcomes reporting for SDGs
The €919bn Government Pension Fund Global says it is hard to measure an investor’s direct impact on goals set by UN bodies
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NewsHealthcare scheme PFZW struggles to meet sustainability target
Investment teams at €217bn Dutch industry-wide pension fund are having difficulties finding suitable investments
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Hedge funds warn regulators over ineffective ESG regulation
AIMA argues scope of regulation must include corporate disclosure
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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
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NewsNorway’s oil fund eyes bigger green bonds allocation, low cost cited
CEO Slyngstad also says upstream oil & gas divestment will take time
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NewsChart of the Week: Alternatives investors bullish on UN SDGs
Survey shows SDGs hold a lot of promise, but current practice lags expectations
