More ESG news – Page 264
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UK pension funds call for clarity on senior FTSE350 pensions
UK – Two pension fund organisations have joined forces to call on the boards of FTSE350 companies to be "upfront" about the pension packages of senior executives.
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China, Egypt and Vietnam worst for ESG investors
GLOBAL – Among leading emerging market economies, China, Egypt and Vietnam have performed the worst in terms of environmental, social and governance (ESG) indicators, according to responsible investment research specialist EIRIS.
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BP oil spill triggers call for tighter UK ESG pension rules
UK – The government is being urged to tighten regulations requiring pension schemes to disclose what environmental, social and governance (ESG) issues are taken into account in their investment policy following the impact of the Gulf of Mexico oil spill on the BP share price and its consequences for pension ...
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AP funds and APG call for Freeport environment expert
EUROPE – The four Swedish AP pension buffer funds and Dutch asset manager APG have filed a joint resolution calling for an independent environment expert to join the board of mining company Freeport McMoran.
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Pension fund investors must protect against BP-style financial risk, says lobby group
UK – Doubt as to whether BP will pay out the next quarterly dividend have underlined the need for pension funds to protect against future financial risk, according to FairPensions, a group lobbying for UK pension funds and managers to adopt responsible investment practices.
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EC issues green paper on corporate governance
EUROPE – The European Commission plans to require institutional investors to publish their voting and engagement policies and records, and "adhere to stewardship codes", a green paper on corporate governance has revealed.
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BP debacle highlights need for responsible ownership
UK – The Gulf of Mexico oil leak has raised awareness of the need for pension funds to measure environmental, social and governance (ESG) risks and assess their impact on investments.
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AMIC to push corporate governance with EU paper
EUROPE – The Asset Management and Investors Council (AMIC) is working on a corporate governance paper in conjunction with the European Union.
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Ethos and Proxinvest form proxy voting alliance
EUROPE – The Ethos Foundation and Proxinvest have formed a strategic alliance to pool their proxy voting expertise.
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NAPF uncovers greater emphasis on shareholder engagement
UK – The majority of pension funds in the UK now factor in attitudes to shareholder engagement when selecting investment managers, according to a new survey.
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Pension funds concerned over FRC call for annual re-elections
UK – Pension funds and asset managers have expressed concerns over the introduction of annual re-elections of directors of FTSE 350 companies as part of the revised UK Corporate Governance Code.
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SAM predicts rapid growth in clean tech private equity
GLOBAL - Clean tech private equity has grown to 9% of global private equity investments and is expected to continue its rapid growth in the years to come, according to Swiss-based asset manager SAM.
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Stewardship Code is 'last chance' says TUC
UK – The Trade Union Congress (TUC) has warned the proposed Stewardship Code for institutional investors "provides a last chance" to develop a corporate governance system that relies less on regulation to discipline companies and more on shareholder engagement and monitoring.
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UK roundup: Merseyside, Derbyshire, Towers Watson, Pensions Trust, Islington
UK – Merseyside Pension Fund is to start publishing an annual review of its responsible investment (RI) actions in the autumn, while Derbyshire County Council is searching for a custodian for its local government pension scheme (LGPS).
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NewsATP dropped Nissan stocks in SRI drive
DENMARK – Danish public pensions company ATP has stopped investing in Nissan Motor due to alleged links to arms sales in Africa, according to its first social responsible investment report.
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NewsSwedish roundup: AP7, Länsförsäkringar
SWEDEN – Swedish national buffer fund AP7 is cooperating with United Nations Environment Programme Financial Initiative (UNEP FI) and Ethix SRI Advisors to bulld guidelines on tar sands, while Länsförsäkringar has aborted plans to demutualise.
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11% of shareholders revolt over Shell tar sands resolution
GLOBAL – A pension fund-led shareholder resolution calling on Royal Dutch Shell to disclose more information about its involvement in Canadian tar sands projects has been defeated at the oil company's annual general meeting (AGM).
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NewsKLM scheme establishes SRI pool and de-risks
NETHERLANDS – The €1.4bn KLM pension fund for cabin staff has set up a ‘green pool’ within its investment portfolio as it develops its socially responsible investment programme (SRI).
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NewsEC to publish corporate governance green paper
EUROPE – Michel Barnier, EU Commissioner for Internal Markets and Service, has confirmed that the Commission will publish a draft green paper on strengthening corporate governance at financial institutions later this month.
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Rating agencies under pressure as CalPERS lawsuit given green light
GLOBAL – Credit rating agencies have come under pressure from two sides of the Atlantic after a law suit filed by the largest pension fund in the US has received the green light, and the European Commission is considering tightening regulations.
