More ESG news – Page 288
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NewsAsset managers to up RI focus by 35%
[15:50 CEST 10-06] Global asset managers predict that the level of assets they manage according to responsible investment criteria, such as themed sustainability funds, negative stock screening and activist engagement with companies, will rise by more than $700bn (€443bn) in the next two years.
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Dutch pension assets still invested in weapons
[15:00 CEST 05-06] NETHERLANDS - A considerable number of Dutch pension funds are still investing in weapons, such as landmines, cluster ammunition and nuclear weapons, according to a pressure group.
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SWF ESG policy is not "political interference"
[13:15 CEST 05-06] NORWAY - The decision to exclude companies from the investment universe of a sovereign wealth fund (SWF) should not be seen as “undue political interference”, the Norwegian minister of finance has claimed.
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ESG push sees AP7 withdraw weapons
[16:15 CEST 02-06] SWEDEN – AP7, the Swedish pension fund buffer, is selling its equity stake in 10 companies producing cluster bombs and nuclear weapons, as part of its environmental, social and governance (ESG) negative screening policy.
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APG makes single ESG divestment
[14:45 CEST 02-06] NETHERLANDS – APG, the newly-created asset manager and administrator of €218bn Dutch pension fund ABP, has divested its shares of just one company since stepping up its environmental, social and governance (ESG) policy last year.
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Companies need 'API lite' - Mercer
[14:00 CEST 30-05] NETHERLANDS - The Dutch government should continue developing a general pension vehicle (API) which accommodates defined contribution schemes despite concerns from the defined benefit sector, consulting firm Mercer has suggested.
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Legal 'certainty' needed over schemes' ESG duty
[12:00 CEST 30-05] EUROPE/GERMANY – Pension funds are calling for "legal certainty" over how sustainable development affects their fiduciary duty along with improvements to the quality of long-term sustainability information provided in company reports, a study commissioned by ASSET4 and the German government has revealed.
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Mercer to rate managers on responsible strategy
[16:05 CEST 23-05] UK – Mercer says it will rate all investment managers in its databases on how they integrate environmental, social and governance (ESG) factors into mainstream investment processes.
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LPFA to adopt ESG manager screening
[15:45 CEST 22-05] UK – The London Pension Fund Authority (LPFA) is considering screening potential investment managers against environmental, social and governance (ESG) criteria, and expects to appoint a Responsible Investment manager to be in place by September.
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Mining campaign warns funds of ESG gaps
[13:00 CEST 22-05] UK – A new campaign by charities FairPensions and Cafod warns pension funds and fund managers there are gaps between the environmental, social and governance (ESG) policies and their implementation of mining companies operating in developing countries.
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EU investors miss out on €2.4bn in legal settlements
[12:00 CEST 22-05] EUROPE – Non-US investors failed to claim around $3.7bn (€2.4bn) of monies resulting from securities fraud legal actions in the last four years, according to DRRT.
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Sponsors to push for increased VaR focus
[17:00 CEST 20-05] UK/EUROPE – Scheme sponsors are likely to begin pushing for increased focus on pensions risk management, according to consultancy firm Redington Partners, in the wake of increasing regulatory focus on asset risk factors such as ‘value-at-risk’ (VAR).
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LAPFF widens focus on climate change engagement
[16:55 CEST 19-05] UK – The UK’s Local Authority Pension Fund Forum (LAPFF) has welcomed news from energy giant British Gas stating it is cutting its emissions target by 8%, but is now turning its attention to other sectors of the market in a bid to encourage improved corporate governance.
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NewsDAF scheme solders deal with PME
[16:50 CEST 16-05] NETHERLANDS – DAGF, the €400m pension scheme for metal workers, has rejoined PME, the industry-wide pension scheme, to gain economies of scale under increasing regulatory pressure.
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Swiss funds dispute caution around SRI
[15:30 CEST 16-05] SWITZERLAND – The latest Swisscanto pension fund survey reveals only 6% of Pensionskassen assets are invested according to sustainable criteria – but the funds themselves beg to differ.
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Iceland falling behind on SRI issues
[12:00 CEST 14-05] SCANDINAVIA – Norway and Sweden are leading countries in the implementation of socially responsible investment (SRI), however Finland, Denmark and particularly Iceland are all "lagging behind", experts have claimed.
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Ombudsman's legal warning over non-compliance
[12:30 CEST 12-05] IRELAND – Paul Kenny, the Pensions Ombudsman, has warned "non-co-operation or prevarication" by companies in relation to his investigations will be met with the "full force of the law" following a second legal victory.
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Investors reject 'unethical' claim on food investments
[12:15 CEST 12/05] NETHERLANDS - Dutch institutional investors have rejected claims suggesting their investments in soft commodities are unethical against the background of fast-rising food prices worldwide.
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HMRC extends TCSP deadline over guidance delay
[13:30 CEST 09-05] UK – HM Revenue & Customs (HMRC) has again extended the deadline by which firms are required to register as a trust or company service provider (TCSP) under the new money laundering regulations, as updated guidance has been delayed.
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Commission Frijns taps Munsters in continuing role
[13:00 CEST 09-05] NETHERLANDS – The Corporate Governance Code Monitoring Commission , which tested the Tabaksblat Code, is now planning to implement a series of changes to corporate governance requirements.
