More ESG news – Page 23
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NewsAsset owners urged to cut exposure to firms with no Scope 3 target, says NZAOA
Report advises asset owners to take a series of immediate steps to ‘make meaningful progress, while driving public discourse and pushing for regulatory change’
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NewsNorway’s SWF seeks green light to sell slowly-growing Russian assets
NBIM also makes first Israeli company blacklisting since ethical council stepped up its stance regarding Palestinian territory occupation
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NewsEU Taxonomy costs hit ‘several million pounds’ for some FIs, finds government research
Financial institutions are more likely than real-economy companies to have already updated their data systems to account for the taxonomy
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NewsInvestors on a biodiversity ‘learning curve’, ISSB staff report
ISSB says there is a ‘clear trend’ with water resources emerging as a top concern for those assessing BEES-related risks
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NewsOECD calls for strong action to make pension systems more inclusive
Overall pension assets in OECD countries grew by 10% in 2023, reaching over $56trn
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NewsABP, Aegon, Phoenix and GPFG named among climate lobbying leaders
Using publicly available information, InfluenceMap scored 30 pension funds and insurers from around the globe
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NewsAssoprevidenza to rank asset managers on ESG grounds
Assoprevidenza, the Italian association of the complementary pension sector, will start ranking asset managers according to their ESG strategies and the role played by sustainability in governance processes, it announced today. The members of the association will use the metric provided by research company ET.Group to rank asset managers, tender ...
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NewsSustainable Finance-Beirat expects next government to continue transition finance plans
Chair Silke Stremlau says
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NewsGeopolitical conflict tops concerns list for pension funds
To hedge against this risk, funds want to further diversify their portfolios, for example by increasing investments in private assets
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NewsEU should centralise ESG disclosures to cut costs for investors, says think tank
Think-tank Theia Finance Labs cites estimates that investors spend around €150,000 each year on public disclosures and €1m annually on broader reporting requirements
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NewsPension fund returns could suffer with climate change impact
Transition risks are expected to be dominant climate risk driver compared to physical risks during 2025–2030 for pension funds worldwide, says Ortec Finance
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NewsEthos sets stricter voting conditions on corporate governance
The situation in terms of diversity on the board of directors of Swiss companies is ‘worrying’, says foundation
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NewsUK government consults on green taxonomy
Government says in consultation paper that it is ‘committed to learning the lessons from taxonomy implementation in other jurisdictions’
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NewsSwiss alliance pushes for stricter constitutional rules on climate, biodiversity
Finanzplatz-Initiative aims to collect 100,000 signatures necessary to hold a referendum and enshrine new set of rules on sustainability in constitution
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NewsSweden’s AP7 divests €100m of oil firms for lacking climate plans
National pension fund excludes EOG Resources and MEG Energy, but brings Hitachi Zosen and SGL Carbon back into investment universe
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NewsISSB faces ‘reputational’ challenges as it weighs sustainability rule changes
Engaging the standard-setting process is a ‘big deal’, says Sue Lloyd
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NewsPrivate equity, VC ESG reporting template gets update for early-stage
Update ‘aligns with the requirements of major European LPs’, according to KfW Capital
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NewsWhat the Mansion House speech means for green finance in the UK
Government reinstated the Bank of England’s mandate to support sustainable finance and updated remit letters of key regulators to refer to the need for investment in the green transition
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NewsShareholder engagement drives human rights improvements at companies, finds research
Companies improve their human rights credentials 15% faster when they are subject to shareholder engagement, says WBA
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NewsDanish quartet invests €214m in bonds targeting UN goals
PFA, PKA, P+ and PenSam anchor new loss-guaranteed fund alongside government agency, with Danish SDG Investment Fund II aiming to raise DKK5bn in all
