More ESG news – Page 260
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NewsMn Services to sue RBS in UK over sub-prime losses
EUROPE – The €69bn Dutch asset manager and pensions provider Mn Services says it will file a lawsuit against the Royal Bank of Scotland (RBS) for damages in wake of the sub-prime montage crash.
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NewsDutch schemes failing to comply with governance code
NETHERLANDS – Dutch pension funds are doing too little to comply with the corporate governance code, according to the code's monitoring committee.
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NewsCompanies' engagement activities 'disappointingly poor'
GLOBAL – Research on stewardship by the UK's largest asset managers has revealed a huge gulf between the best and the worst performers.
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NewsLend Lease provides PGGM with direct infrastructure exposure
EUROPE – Dutch pension fund asset manager PGGM has committed £220m (€262m) in capital to become the principal investor in a joint venture with Lend Lease targeting social infrastructure in the UK.
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NewsSwedish roundup: AP1, Willhem AB, KPA Pension, AMF
SWEDEN – AP1 is boosting its property portfolio by establishing its own real estate company, Willhem AB, and investing SEK7bn (€770m) in the asset class.
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NewsBrussels commits to tackling Foundation Statute by next year
EUROPE – The European Commission (EC) has said it will publish a regulation on a European Foundation Statute by the end of 2011.
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NewsDutch giant PGGM reconsidering companies involved in Israel-occupied territories
NETHERLANDS – PGGM, the asset management of the €98bn healthcare scheme PFZW, is in discussions with "a number" of international companies for being active in the occupied territories in Israel.
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NewsCrisis changed pension funds' attitude toward governance
IPE AWARDS – The financial crisis has changed the attitude of pension funds toward governance and risk management, attendees at the IPE European Pension Fund Awards seminar in Monaco heard.
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ABN AMRO wins IPE's top European pension fund award
IPE AWARDS – The Netherlands' ABN AMRO Pension Fund was the big winner at the tenth annual IPE Awards in Monaco, scooping up the gold prize for Best European Pension Fund and the silver prize for Best Corporate Pension Fund.
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NewsSwiss prosecutor estimates BVK's Gloor took €1.1m in bribes
SWITZERLAND – The former head of asset management at Switzerland's BVK is believed to have taken CHF1.5m (€1.1m) in bribes between 1997 and 2010, according to Zurich's public prosecutor.
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NewsImpact of engagement difficult to measure, says F&C's Litvack
EUROPE – Quantitatively measuring the impact institutional investor engagement has on companies and their share prices is nearly impossible, according to Karina Litvack, head of governance and sustainable investment at F&C.
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NewsBT threatens to sue Ofcom over pensions contributions
UK – BT has warned it could sue the UK telecommunications regulator Ofcom if it refuses to allow it to use a rise in wholesale fees levied on rivals to help repair its pension deficit.
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NewsInvestors call for action on climate change ahead of Cancún negotiations
GLOBAL – Investors representing over $15trn (€11.1trn) in assets have called for action in the fight against global warming in order to avert the risk of severe economic disruption.
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NewsStewardship Code will fail without active engagement, warns Aviva Investors
UK – Without active engagement on the part of pension funds the Stewardship Code will fail, Anita Skipper, Aviva Investors corporate governance director, has argued.
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NewsCarbon indices are a straitjacket - Joly
EUROPE – Carbon indices serve as a straitjacket, according to Carlos Joly, chairman of the climate change scientific advisory committee of Natixis Asset Management.
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NewsNikko Asset Management, PGGM win IPE/TBLI ESG awards
GLOBAL – PGGM and Nikko Asset Management, as well as French supplementary pension scheme ERAFP, have been recognised for their commitment to environmental, social and corporate governance (ESG) at the IPE/TBLI ESG Leaders Awards in London.
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NewsGrowth of SRI 'overshadowed' by corporate irresponsibility
GLOBAL – The growth of socially responsible investment (SRI) in recent years has been overshadowed by the financial industry being more irresponsible than ever, attendees at the TBLI (triple bottom-line) Conference 2010 heard.
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NewsCDP study points to growing corporate concerns over water security
GLOBAL – Water security is high on the corporate agenda, with two-thirds – 67% – of respondents to a survey reporting responsibility for water-related issues at the board or executive committee level.
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NewsNEST rules out ethical board, excluding companies from universe
UK – The National Employment Savings Trust (NEST) has ruled out the creation of an ethical board and is unlikely to exclude companies from its investment universe, their head of investment policy has said.
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NewsSwedish buffer fund AP1 sues Bank of NY Mellon over $35.5m loss
GLOBAL – AP1, one of the national Swedish buffer funds, is suing Bank of New York Mellon (BNYM) at the Commercial Court in London. The lawsuit revolves around losses of $35.5m (€25.8m) incurred by AP1 in 2008, which the buffer fund attributes to investment decisions taken by BNYM on behalf ...
