More ESG news – Page 270
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NewsNorway-Global to plough €400m into carbon capture
[15:30 CEST 28-10] NORWAY - The Norway Government Pension Fund – Global is planning to invest over €400m in carbon capture and storage as part of its commitment to ethical and environmental investments.
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NewsUK gov't clarifies rules for personal account trustees
[16:40 CEST 27-10] UK – The trustee corporation behind the proposed UK personal accounts regime will be given a specific requirement in the legislation to make information about deductions or charges transparent to members when they are auto-enrolled in the scheme.
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Half of UK DC schemes need to improve communication
[15:45 CEST 27-10] UK – A review of the communications issued by trustees or insurers to members of defined contribution (DC) schemes has found more than half have scope for improvement, according to the Pensions Regulator (TPR).
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Mandates and incentives drive climate-conscious investors
[14:00 CEST 27-10] GLOBAL - Investors are currently driven by on-the-ground mandates and incentives when it comes to climate change investments, according to research published by Deutsche Bank’s Asset Management’s (DeAM) division.
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Governance for Owners CEO calls for engagement levy
[15:30 CET 26-10] UK - Companies and institutional pension and saving funds should be made to pay a levy to support effective shareholder engagement, Peter Butler, CEO and founding partner of Governance for Owners, told IPE last week.
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WW favours PPP over 'high fee' core infrastructure
[16:40 CEST 21-10] UK – Consultancy firm Watson Wyatt has warned high fees on core infrastructure funds are not providing a fair deal for investors and suggested they will be of "little interest" to long-term institutional investors unless they adopt more attractive fee packages.
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VB to tackle pension cost misconceptions
[16:00 CEST 21-10] NETHERLANDS – VB, the representative body for Dutch industry-wide pension funds, said it will step up its efforts to explain the true value of collective pension arrangements after a survey revealed consumers think costs are much higher than in reality.
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AP1-4 target global voting service for joint project
[16:40 CEST 20-10] SWEDEN – The first four Swedish National Pension buffer funds (AP1-4) are seeking a provider of a global voting service to assist its move into voting on more specific stocks.
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Industry-wide fund issues climate change mandate
[16:00 CEST 20-10] IPE-QUEST – A Dutch pension fund is planning to venture into Asian-Pacific real estate investments while a second industry-wide pension fund is hoping to invest up to $150m (€m) in a global climate change equity mandate, and both are using IPE-Quest.
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Babcock eyes interest rate hedge after governance work
[14:00 CEST 19-10] UK - Babcock international is thinking of hedging interest rates as part of the investment strategy for its five UK pension schemes, following the establishment of a cross-party trustee committee.
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BT to focus on DC education of members
[16:20 CEST 16-10] UK - Providing individual employees with the right tools, information and opportunities to take personal responsibility for their retirement savings can be considered a paternalistic approach , according to BT.
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Fiduciary management 'causes blurring' between advice and delegation
[17:05 CEST 16-10] UK – The increasing number of players in the fiduciary management market, particularly from within the consultancy space, is blurring the lines between delegation and advisory services, according to Andrew Waring, chief executive of the Merchant Navy Officers Pension Fund (MNOPF).
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Six UK DC schemes hit pension quality mark
[13:20 CEST 15-10] UK - Six more UK defined contribution (DC) schemes have been awarded the new Pension Quality Mark by the National Association of Pension Funds (NAPF).
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AP2 calculates carbon footprint of portfolio firms
[13:00 CEST 15-10] SWEDEN – Andra AP-fonden (AP2), the Second Swedish National Pension Fund, is in the process of calculating the "carbon footprint" of its holdings in around 2,700 companies, in an attempt to better understand the impact if companies are forced to pay for carbon emissions.
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Wegener pension to merge into graphics industry fund
[15:50 CEST 14-10] NETHERLANDS – Algemeen Pensioenfonds Wegener (APW), the pension fund for employees and former workers of the Koninklijke Wegener publishing house, has signed an agreement to merge its members into the larger PGB pension fund for the graphics industry.
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AP6 gets caught in anti-competitiveness row
[12:00 CEST 13-10] SWEDEN – A row has erupted between two Swedish bicycle firms, including one wholly-owned by Sjätte AP-fonden (AP6), the sixth Swedish national pension fund, over allegations of anti-competitive behaviour.
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UK trustees are 'confused' about fiduciary concept - Mn
[15:30 CEST 13-10] UK - UK pension trustees misunderstand the fiduciary management concept if they award mandates for part of the portfolio, according to Remco van Eeuwijk of Mn Services.
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LAPFF re-tenders engagement contract
[16:50 CEST 12-10] UK – The Local Authority Pension Fund Forum (LAPFF) is seeking a third-party provider to promote and assist the LAPFF's shareholder activism.
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NBIM raises concerns over VW Porsche deal
[17:05 CEST 08-10] NORWAY – Norges Bank Investment Management (NBIM) has warned it will not support Volkswagen's investment in Porsche unless the VW Supervisory Board "takes steps to alleviate our concerns" relating to conflicts of interest and shareholder treatment.
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Kenny targets 'unacceptable' directors with MoU
[15:30 CEST 08-10] IRELAND – Paul Kenny, the Pensions Ombudsman has signed a Memorandum of Understanding with the Office of the Director of Corporate Enforcement (ODCE) to allow him to pass on details of “unacceptable behaviour by company directors” - a move bringing closer cooperation against rogue employers.
