More ESG news – Page 249
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NewsDutch pension funds banned from investing in cluster munitions
Ban will come into effect from 1 January 2013, covering all new investments, according to finance ministry.
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NewsEngagement needs to be 'beneficial' to asset managers, says Kay
Companies rarely devote much resource to things they are 'obliged' to engage in.
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NewsEuropean authority launches discussion paper on proxy advisory services
ESMA paper focuses on factors influencing accuracy, independence and reliability.
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NewsNew York judge throws Transocean class action lawsuit out of court
Investors claimed top executives misled them over safety problems on oil platform.
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NewsWorld Forum on Governance unveils anti-corruption framework
Forum publishes final version of Prague Declaration on Governance and Anti-Corruption.
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NewsFinancial intermediaries creating 'misalignment incentives', says Kay
Chairman of Kay Review laments recent 'proliferation' of intermediation in asset management.
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NewsUK Stewardship Code 'will not change investment industry' – First State
Asset manager declines to sign up for code despite having integrated ESG factors worldwide.
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![Investor Working Party issues recommendations on stewardship [updated]](https://d3ese01zxankcs.cloudfront.net/Pictures/100x67/0/9/6/42096_AccountsMagnified.jpg)
NewsInvestor Working Party issues recommendations on stewardship [updated]
Group includes Aviva Investors, BlackRock, Governance for Owners, RPMI Railpen, Ram Trust and USS.
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NewsNuclear a 'no-go' for many countries one year on from Fukushima disaster
Impax Asset Management says nuclear disaster to continue to influence investor behaviour.
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NewsESG data 'crucial' for assessing sovereign bonds, says Robeco
Dutch asset manager sold out of Italian bonds last summer as result of ESG analysis.
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NewsESG roundup: ICGN, 30% club, IIC, UK Bribery Act
International Corporate Governance Network publishes two new best practice guidelines.
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NewsReport applauds development of German companies' approach to remuneration
GERMANY – Report on executive pay says financial crisis, legal changes have increased transparency.
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NewsPension fund trustees' concept of fiduciary duty 'unduly narrow'
Lobby group says fiduciaries are not 'absolutely barred' from certain investments.
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NewsLand-grabbing claims complicate agricultural investment, says BT scheme
Pension fund rules out investments in Africa, other frontier countries in asset class.
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NewsDutch pension fund PGGM teams up with Denmark's PKA for 'knowledge exchange'
PGGM considering similar partnerships in future with funds that share same goals, values.
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NewsResponsible supply-chain management reduces investment risk – Eurosif
Investors now 'scrutinising' how companies manage risks related to different tiers of suppliers.
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NewsUK equity market of 'little importance' for company funding, says Kay
Professor laments focus on absolute returns, saying 'pounds, not alpha', pay for pension benefits.
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NewsCustomised beta approaches good for SRI – Northern Trust
Survey predicts rising interest in strategy still emerging from 'infancy'.
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NewsDenmark's PKA rejects claims over 'land grabbing' in Africa
Asset manager for Danish pension funds denies farming investments are ethically dubious.
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NewsKay interim report highlights concerns of quarterly reporting, fiduciary engagement
Submissions to review highlight 'adverse' effect of quarterly reports.
