More ESG news – Page 266
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UK pension members should question fund managers over tar sands
UK - Public sector pension scheme members have been warned to further interrogate fund managers over their voting activity in the campaign against sand tar excavation work by energy majors Shell and BP.
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UK MPs seek a pensions stand on tar sands resolution
UK – MPs will today pose questions in the UK House of Commons asking its own Parliamentary Pension Fund to back a responsible investment campaign concerning the collection of tar sands by energy firms.
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Swiss sustainability market sees record growth in 2009
SWITZERLAND - Sustainable investments in Switzerland were worth a record high of CHF34.1bn (€23.3bn) by the end of 2009.
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PPF to diversify investment strategy from equities to alternatives
UK – The Pension Protection Fund (PPF) is diversifying its investment strategy by halving its equity allocation in favour of a 20% strategic allocation to alternatives, such as private equity and infrastructure.
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Study to uncover impact of climate change on pension funds
GLOBAL - Fourteen pension fund investors and asset owners have signed up to conduct a study with Mercer Consulting to find out what impact climate change will have on the risk and return potential of pension funds.
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Norway upgrades ethical guidelines for Global fund
NORWAY – The Norwegian Ministry of Finance has confirmed the existing ethical guidelines used by the Government Pension Fund – Global are to be replaced with two new sets of guidelines on responsible investment, following a review last year.
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Investors continue to finance climate-friendly projects
[14:00 CET 24-02] GLOBAL – Investment in World Bank green bonds have now surpassed the $1bn (€736m) mark, reflecting a growing interest by investors in climate change adaptation and mitigation projects.
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Campaign targets members to drive pension fund voting
[16:15 CET 22-02] UK – While all of the attention in recent months has been on persuading pension funds to engage at shareholder votes, a new tactic is being unleashed in the UK to enlist pension fund members in the push for active shareholder voting.
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Excluding climate change breaches fiduciary care - Natixis
[14:45 CET 19-02] GLOBAL - The integration of climate change into portfolio management remains a difficult task but not doing so is a failure of fiduciary care by asset managers, an institutional investor has claimed.
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Asia’s sustainability opportunities are underestimated
[16:00 CET 16-02] GLOBAL - Investors are significantly underestimating the potential gains to be had from Asian sustainability, according to a study by Swiss international bank Vontobel.
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Pressure mounts on corporate responsibility reporting
[16:45 CET 15-02] GLOBAL - A coalition of global investors from 13 countries with over $2.1trn (€1.5trn) of assets is calling for better corporate reporting on environmental, social and corporate governance (ESG) activities.
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NewsCarbon trading needs European consistency - asset managers
[16:55 CET 12-02] EUROPE – A committee of UK MPs has proposed a carbon tax be placed on companies or the carbon trading pricing floor be raised, to make inaction on climate change matter more expensive.
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FRR rebounds to hold €33bn in assets
[16:30 CET 12-02] FRANCE – Fonds de Reserve pour les Retraites (FRR), the French national pension reserve, saw its assets recover to €33.3bn by the end of 2009, thanks to a 15% gain led by the equities rally.
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USS highlights importance of global engagement
[17:00 CET 11-02] UK – Pension funds should not underestimate the role foreign investors play in shaping domestic markets, a trustee of the Universities Superannuation Scheme (USS) has warned.
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DC governance framework targets investment and accountability
[16:55 CET 11-02] UK – A new framework of principles, 'best practice' guidance and a table of accountabilities for UK defined contribution (DC) schemes has been proposed by the Investment Governance Group (IGG), including a focus on appropriate investment options and accountability for decisions.
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UK trustees can take 'far-sighted' approach to fiduciary duty
[16:45 CET 10-02] UK – Pension funds may increasingly be able to argue the need to apply ESG principles to all invesment management, according to pensions and legal experts, as ESG strategies could in future be related to the wealth creating capacity of economies.
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Stewardship Code could trigger EU guidelines, claims ICGN
[16:30 CET 10-02] UK/EUROPE – The introduction of a UK Stewardship Code for institutional investors could lead to similar guidelines being issued by the European Commission across all member states.
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NewsMyners says trustees must meet governance 'legal duty'
[15:45 CET 09-02] UK – Paul Myners, the City Minister, has warned trustees should do more to use their shareholder positions, as part of their "legal duty" to protect the value of assets held on behalf of beneficiaries.
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NewsUN Global Compact is becoming RI standard - academic
[16:30 CET 04-02] NETHERLANDS - The UN Global Compact Directive is becoming a standard for the content of responsible investment, according to a Dutch academic who helped to raise the profile of the concept three years ago.
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Three in four Dutch pension plans adopt SRI
[15:15 CET 02-02] NETHERLANDS - The number of Dutch pension funds adopting a socially-responsible investment (SRI) policy has more than doubled since 2006 to 73% of all schemes, the combined pensions organisations have claimed.
