More ESG news – Page 294
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SEC risks reputation over investor rights, warns USS
[14:30 CET 21-11] US/UK - The US Securities and Exchange Commission will miss the chance to show it is serious about investor rights if it forges ahead with a ruling stopping shareholders putting forward candidates for corporate boards, according to UK pension fund the Universities Superannuation Scheme (USS).
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Spanish revealed as greatest shareholder voters
[11:00 CET 21-11] EUROPE - Companies in Spain see a higher level of shareholder voting than those in other European countries, reveals a report on proxy voting patterns across Europe.
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Italian class actions move a step closer
[16:30 CET 20-11] ITALY - Italy is close to introducing 'class action' lawsuits in its legal system for the first time, as the country's higher parliament house last week approved the much-discussed Italy's 2008 budget law.
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EC brings microfinance to Europe
[16:45 CET 19-11] EUROPE – The European Commission is seeking to support the development of microfinance initiatives across Europe by implementing a regime to improve access to the non-banking credit scheme.
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PPM chooses new SRI fund
[16:15 CET 19-11] SWEDEN - The SEK1.3bn (€140m) Swedish Premium Pension Authority (PPM) has appointed four new managers for its equity portfolio, and among them is State Street for a socially-responsible investment (SRI) mandate.
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PensCorp secures Telent deal
[14:00 CET 16-11] UK - Edmund Truell's Pension Corporation has finally managed to secure a deal to buy the former Marconi pension fund for £398m (€570m).
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VB calls for "balanced approach" to SRI
[16:15 CET 15-11] NETHERLANDS - Pension funds should keep a balanced approach to socially-responsible investment, and avoid the over-doing of do-gooding, according to Benne van Popta, chairman of the Association of Industry-wide Pension Funds (VB).
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Signing up to ESG is not enough - UNPRI
[15:00 CET 15-11] GLOBAL – The United Nations' Principles for Responsible Investment (PRI) should filter through a signatory company and right through to the companies invested in, James Gifford, executive director at the UNPRI has urged.
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Montae plans governance centre
[11:00 CET 15-11] NETHERLANDS – Dutch pension fund consultancy Montae is planning to launch a governance centre for pension funds.
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Umbrella organisations mull ESG platform
[15:00 CET 14-11] NETHERLANDS – VB, OPF and UvB, the three Dutch umbrella organisations for pension providers, are considering launching a platform for pension funds, to deal with social, ethical and environmental issues.
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IPE-QUEST: $90m Swiss equity mandate
[13:00 CET 14-11] SWITZERLAND – A Swiss institutional investor is looking for a global sustainable equity manager via IPE-Quest.
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Trustees 'lack objectivity' in judging sponsors
[16:00 CET 13-11] UK – Too few trustees doubt their company's ability to continue sponsoring the pension scheme, consultancy firm Hewitt has suggested.
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PGGM may withdraw China investment
[14:00 CET 13-11] NETHERLANDS – Dutch pension fund giant PGGM may divest from Chinese oil firm Petrochina over its state-owned parent company’s Sudan operations, following public pressure over Sudan-linked investments.
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Increase focus on risk management - Eumedion
[13:00 CET 13-11] NETHERLANDS - Eumedion, the platform for institutional investors, has called on the Netherlands’ 75 largest listed companies to focus on risk management and the structure of remuneration policy, in a bid to improve their firms.
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Small company schemes "gain from cooperation" - PWC
[16:15 CET 09-11] NETHERLANDS - An upscaling of small and average-sized pension funds through some form of cooperation could improve governance and drive down costs, according to consultancy PricewaterhouseCoopers.
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Pension funds object to KPN pay
[15:15 CET 08-11] NETHERLANDS - A group of six Dutch pension funds and institutional investors, led by the large schemes ABP and PGGM, has objected against the proposed payment package for chairman Ad Scheepbouwer of Dutch telecoms giant KPN.
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SER's inquiry right shift "damages shareholders"
[15:00 CET 08-11] NETHERLANDS – Proposals from the Social Economic Council (SER) to reform the right to instigate an inquiry will damage the position of minority shareholders, Eumedion, the platform for institutional investors, has claimed.
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Norwegian fund excludes British company
[16:15 CET 07-11] NORWAY – The NOK2trn (€250bn) Norwegian government pension fund has excluded UK mining and metal company Vedanta Resources from its investment universe because of human rights violations and for causing environmental damage.
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Free pension tracker to tackle info gap
[15:30 CET 07-11] IRELAND – A free pensions tracker service has been launched by an Irish financial adviser firm which is designed to track down information on individuals’ past pensions.
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ABP names new governance head
[16:45 CET 06-11] NETHERLANDS – Paul Frentrop, director of the Dutch branch of the European corporate governance agency Deminor, was today named as head of corporate governance for Dutch pension fund ABP's investment management arm.
