More ESG news – Page 262
-
.jpg)
NewsSwiss BVK members demand compensation for 'misguided' policy
SWITZERLAND – Members of the Swiss BVK have demanded compensation from the beleaguered pension fund, blaming its current underfunded position on a "misguided" contribution policy.
-
NewsNorway's Government Pension Fund-Global calls for more alternatives
NORWAY – The governor of Norges Bank, the Norwegian central bank and the chief executive of Norges Bank Investment Management (NBIM), which manages the assets of Norway's Government Pension Fund-Global (GPFG), have written a letter to the ministry of finance outlining ways of improving the overall strategy of the fund ...
-
NewsMSCI extends ESG credentials with PRI signature
GLOBAL – Global index and financial services provider MSCI has become a signatory to the UN Principles for Responsible Investment (PRI).
-
NewsUK Pensions Regulator reveals reasons for going after Lehman Brothers
UK – The UK Pensions Regulator's determination panel has revealed the reasons behind decisions to pursue Lehman Brothers' parent company for financial support for the investment bank's insolvent pension scheme.
-
NewsStrathclyde Pension Fund terminates mandate, puts other managers on alert
UK – One of the UK's largest local authority pension schemes has terminated a mandate with Aberdeen Property Investors and put several other fund managers on alert.
-
NewsSwedish roundup: Skandia, AP 1-4, Investors Group on Climate Change, Swedbank, AMF
SWEDEN – Mårten Andersson has been appointed chief executive of Skandia's Nordic operations.
-
NewsLack of long-term policies dissuading low-carbon investors
EUROPE – A lack of long-term policies has cut institutional investor appetite for low-carbon investment, according to research conducted by international law firm Norton Rose on behalf of the Institutional Investors Group on Climate Change (IIGCC).
-
NewsSignatories to Principles for Responsible Investment surge by 30%
GLOBAL – Signatories to the UN's Principles for Responsible Investment (PRI) initiative have jumped by more than 30% since July 2009.
-
NewsNorges Bank files $735m suit against Citigroup over inflated stock prices
GLOBAL – Norges Bank has filed a $735m (€562m) lawsuit against Citigroup, claiming it bought shares in the group at inflated prices between 2007 and the beginning of 2009.
-
NewsFormer manager at AZL accused of taking bribes
NETHERLANDS – A former employee of pensions provider AZL has been accused of committing property fraud by accepting bribes.
-
NewsUK roundup: TPR, Barnett Waddingham, Aviva, Stewardship Code, PPF
UK – The Pensions Regulator (TPR) has said scheme members must have access to "comprehensive information and independent advice" if the pension fund is planning any kind of risk transfer.
-
News
CDP survey shows institutional interest in carbon management
GLOBAL – Carbon management is becoming a strategic business priority and competitive driver for the largest global companies, according to the Carbon Disclosure Project’s (CDP) 2010 Global 500 report.
-
NewsNordic heavyweights advocate engagement on SRI issues
EUROPE – Active engagement with companies that fall foul of ethical norms is proving to be an effective way of improving corporate social responsibility, say Danish pension funds and other institutional investors in the country, according to a new report.
-
NewsBuyside firms planing to boost SRI, survey shows
EUROPE – Almost 90% of buyside firms plan to increase their socially responsible investment (SRI) or sustainability asset allocation in the coming year, according to the latest Thomson Reuters Extel and UKSIF SRI and Sustainability survey.
-
News
EDHEC: No new evidence SRI funds create financial value
EUROPE – There is still no evidence that ‘socially responsible investing’ (SRI) funds create financial value, according to research from the EDHEC-Risk Institute.
-
NewsInvestors demand sustainability reporting in listing rules
GLOBAL – A coalition of responsible investors with $558bn (€436bn) in assets under management will write to the chief executives of global listing authorities and stock exchanges to demand that sustainability reporting become embedded within listing rules.
-
NewsPensionDanmark expands SRI portfolio with wind farm acquisition
DENMARK – Danish labour-market fund PensionDanmark is to invest DKK700m (€74m) in wind power through the part-acquisition of an offshore farm.
-
NewsEFRP proposes EU Stewardship Code on corporate governance
EUROPE – The European Federation for Retirement Provision (EFRP) has proposed an EU Stewardship Code on corporate governance acceptable to all member states, which could follow in the footsteps of the UK Stewardship Code.
-
NewsBDO to check accounts of scandal-ridden pension fund
SWITZERLAND – The regional government of Zurich has hired Swiss accountancy BDO to look into the mandates and investments of the scandal-ridden public fund for the city's civil servants (BVK).
-
NewsNorway Global excludes companies for breaching Geneva Convention
EUROPE – The NOK2.8trn (€352bn) Government Pension Fund Global (GPFG) is planning to exclude two Israeli companies and one Malaysian company, worth a combined NOK15m, from its investment universe.
