More ESG news – Page 263
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NewsUBS unlikely to change mind on possible lawsuit, Actares says
SWITZERLAND – Shareholder lobby group Actares is "not very optimistic" UBS has changed its mind regarding the planned court case against former members of the Swiss bank's board.
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NewsLPFA looks to expand responsible investment policy
UK – The £3.8bn (€4.6bn) London Pensions Fund Authority is to roll out is environmental, social and governance (ESG) program, introducing a more systematic approach to responsible investment.
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NewsLuxembourg Fund Partners to launch high-tech fund for CEE region
EUROPE – Luxembourg Fund Partners is set to launch a fund focusing on high-tech real estate in central and eastern Europe (CEE).
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NewsRE-Invest Partners unveils forestry fund for UK pension schemes
UK – RE-Invest Partners has teamed up with Consortium IM to launch a series of exempt unit trusts (EUTs) providing access to the RE-Forest Fund SICAR, a global forestry fund.
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NewsUS governance experts Corporate Library and GMI merge
GLOBAL – US corporate governance experts The Corporate Library and GovernanceMetrics International (GMI) have announced a merger, effective immediately.
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NewsNew York pension fund joined by four others in BP class-action suit
GLOBAL – The $132bn (€102bn) New York Common Retirement Fund has been joined by four further pensions funds from the US state of Ohio in a $200m class-action suit against BP.
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NewsCanton of Zurich pension fund scandal widens
SWITZERLAND – The corruption scandal at the Zurich civil servants' fund (BVK) has taken another dramatic turn, as yet another arrest has been made.
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NewsDutch manager PGGM drops India's Vedanta over ethical concerns
NETHERLANDS – Asset manager PGGM has withdrawn its investments in Indian mining company Vedanta Resources for "persistently ignoring" the environment and human rights.
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NewsAP1 seeks hedge fund managers for diversification
SWEDEN – Första AP-Fonden, the First Swedish National Pension fund (AP1), is seeking as many as three strategic partners to run hedge fund portfolios valued up to $1.5bn (€1.2bn).
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NewsGlobal cleantech investment soars by 63% in first half
GLOBAL – Clean technology venture investment worldwide has soared by 65% in the first half of 2010 compared with the same period last year.
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NewsUK Financial Reporting Council unveils Stewardship Code
The Financial Reporting Council (FRC) today published its long-expected Stewardship Code, aimed at improving communication between shareholders and companies.
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NewsSupreme Court ruling does not 'close door' on foreign lawsuits
GLOBAL – A recent US Supreme Court ruling will not bar European investors from suing for damages in the US, according to a partner at law firm Bernstein Litowitz Berger & Grossmann.
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NewsUKSIF calls for transparency on ESG investments
UK – Pension funds should disclose how their responsible investment schemes are being implemented, according to UKSIF.
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UK's planned Green Investment Bank eyes pension investors
UK – Pension funds will be a prime investor target group for the UK's proposed Green Investment Bank (GIB).
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G20 leaders should strengthen shareholder rights
GLOBAL - G20 leaders have been called upon to strengthen shareholder rights in the aftermath of the global financial crisis.
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AP2 study shows decline in number of female executives
SWEDEN – Although the proportion of women on company boards has increased to 22.2%, the number of females holding executive positions in publicly quoted companies has declined, according to research from the Second Swedish National Pension Fund (AP2).
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NewsDanish pension funds take on Spain over solar tariffs
DENMARK – AP Pension, PensionDanmark and PBU, three Danish pension providers with assets totaling €30bn, have written to the Spanish government and the EU Climate Action Commissioner voicing their concerns about Spain changing the tariffs for its solar power industry retroactively.
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NewsInvestors must do more to drive sustainability, CEOs say
GLOBAL – Global business leaders do not believe institutional investors can drive the corporate responsibility agenda and claim they must do more to create a sustainable economy.
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NewsNew York State pension fund sues BP over losses
GLOBAL – The New York State Common Retirement Fund is suing BP over losses incurred through the oil spill in the Gulf of Mexico.
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BP debacle could increase cost of ESG research, experts say
GLOBAL – Institutional investors could end up paying more for investment research following the financial fallout from BP's oil spillage, says Matt Christensen, executive director at Eurosif, a European network and think-tank on sustainable investing.
