More ESG news – Page 22
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NewsIOSCO launches GEMC sustainability reporting network
Emmanuel Faber, chair of the ISSB, says this progress is important to all jurisdictions because multinational companies will stand to benefit from availability of comparable data and disclosures
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NewsGerman associations relax exclusion criteria for investments in defence sector
BVI and others publish a new version of ESG target market concept (Zielmarkt Konzept), scrapping revenues threshold to invest sustainably in the defence sector
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NewsPRI rules out EMs for next phase of sovereign climate engagement project
An announcement on which additional jurisdictions will be added to the initiative is expected to be made in January 2025
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NewsIFRIC rejects call to review climate-related intangible assets
Instead, the committee concluded that existing International Financial Reporting Standards offer sufficient guidance for handling such expenditures
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NewsPGGM ditches responsible investment team with new impact strategy
‘Even though this process required me to give up my old job, I still think it’s a good idea,’ says Piet Klop
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NewsBlackRock equity funds didn’t vote on US companies for almost 10 years
BlackRock ‘immediately notified affected clients, apologised and rectified the issue’, the firm said
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NewsVarma trumpets biggest investment yet with €2.3bn in US climate ETF
Finnish pensions insurer invests in Invesco New-York ETF launch, with fund tailored to its own needs
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NewsGerman government backs sustainable investing in defence sector
Sustainable investments association FNG says weapons are ‘not compatible with the principles of sustainable investing’
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NewsEU urged not to make ‘arbitrary’ cuts to sustainability disclosure rules
Nearly 100 NGOs, think tanks and membership bodies have written to Commission president Ursula von der Leyen
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NewsRailpen strengthens engagement and voting commitments for 2025
Railpen has strengthened voting policy on issues such as shareholder protection and audit quality for 2025 AGM season
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NewsNew UK group aims to provide ‘loud trustee voice’ on sustainability
Newly formed Trustee Sustainability Working Group wants to work with regulators to move away from approach that fosters ‘low-level reporting’ on climate risk management
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NewsSampension divests China’s Temu on consumer protection concerns
Danish pension fund blacklists company behind online marketplace, citing EU probe into possible rule-breaking
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NewsChristian investing initiative is launched
The aim is to drive a new market for Christian Faith Consistent Investing
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NewsTwo-thirds of asset owners expect to offset portfolios’ carbon emissions, finds study
Critics arguing that investors and companies that use carbon credits are just buying a license not to reduce their own contribution to climate change
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NewsReputational disaster or ‘badge of honour’? Fund managers split over Aviva’s SFDR fine
Asset manager is first to face enforcement under the rules, but peers are divided on what it means
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NewsEAPF open to using biodiversity credits to bolster natural capital returns
The Environment Agency Pension Fund plans to allocate 4% to natural capital and set a 17% target for climate solutions
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NewsVarma invests €500m in made-to-measure Japanese low-emission ETF
Finnish pension firm’s listed chief says Varma will carry on creating more sustainability products
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NewsIPE Conference: CPEG in talks with managers exiting CA100+
CPEG is asking asset managers to provide an explanation for their departures from the climate engagement group
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NewsSwiss asset managers urge companies to pursue sound transition plans
Lombard Odier, Pictet, UBS, Zürcher Kantonalbank, and Baloise back AMAS letter to help guide engagement between asset managers and investee companies
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NewsChallenges remain as UK schemes see net zero targets hindered
Lack of high-quality data and uncertainty around government policy are cited as major barriers among pension funds
