More ESG news – Page 301
-
News
Norway fund to axe cluster bomb firm – report
NORWAY – The Norwegian finance ministry has declined to confirm or deny a report that the Government Pension Fund – Global may withdraw investment from German arms maker Rheinmetall.
-
News
Norwegian state fund drops gold mine firm
NORWAY – A South African gold mining company has been dropped from the portfolio of the NOK1.8trn (€221bn) Norwegian Government Pension Fund – Global for environmental reasons.
-
News
European institutions win €263m from Shell
EUROPE – European institutional investors led by the two largest Dutch pension funds have won a landmark securities claim from Shell relating to the oil giant’s 2004 reserves misreporting scandal.
-
News
Dutch pension giants shun land mines
NETHERLANDS – Dutch pension giants ABP and PGGM, who together have nearly €300bn in assets, have stopped investing in firms that produce landmines.
-
News
Pension impact in TNT job cull
NETHERLANDS – TNT Post, the Dutch postal service company, has announced possible changes to its pension scheme amid a cull of around 7,000 of its total 58,000 jobs.
-
News
Pension funds criticise Philips’ €1m executive bonus
NETHERLANDS – Several Dutch institutional investors, have criticised Philips president and chief executive Gerard Kleisterlee’s €350,000 bonus for the sale of the company’s semiconductors arm.
-
News
Dutch court bans DSM loyalty bonus
NETHERLANDS – A Dutch court has barred chemicals group Royal DSM from implementing its loyalty dividend.
-
News
LAPFF to fight BP remuneration packages
UK – The Local Authority Pension Fund Forum (LAPFF) said it will fight for more security performance-linked remuneration packages at British oil giant BP.
-
News
Pension funds win US$45m class action
UK – Ten UK pension funds have won a total $45m (€33.8m) as part of an opt-out action brought against AOL Time Warner.
-
News
Manager selection no 'beauty parade', warns Watson Wyatt
EUROPE – Pension funds destroy value when selecting and deselecting managers solely based on performance, according to Edouard Stucki, senior investment consultant at Watson Wyatt.
-
News
ABP to disclose entire equity holdings
NETHERLANDS - At least four large Dutch pension funds have announced they will disclose the names of quoted companies in which they invest.
-
News
Dutch funds invest in ‘cluster bombs and land mines’ - TV claims
NETHERLANDS – Dutch pension funds have invested nearly €230m in American companies that also produce cluster bombs and landmines, current affairs programme Zembla has claimed.
-
News
ABP doubles micro credit allocation
NETHERLANDS – The €209bn civil service pension fund ABP has announced that is has doubled its investment in emerging market micro credit. Its allocation now totals more than €15m.
-
News
ISS says no to DSM dividend
NETHERLANDS – Institutional Shareholder Services (ISS), the international consultant for institutional investors and investment managers has advised its clients to vote against Dutch chemicals firm DSM’s loyalty dividend.
-
News
Pensions funds’ guide to monitoring engagement in China
UK – The Local Authority Pension Fund Forum (LAPFF) has issued a guide for pension funds on how to monitor fund manager engagement in China.
-
News
Swiss fund steps up shareholder action
SWITZERLAND – Bernische Pensionskasse (BPK), a CHF8.6bn (€5.3bn) pension fund, has become the latest Swiss institutional investor to demand better corporate governance at the nation’s biggest corporates.
-
News
Hedge Fund predicts “wave” of activist investment
EUROPE - Europe should expect a “tsunami wave” of activist investment in the coming decade, according to Florian Homm, CIO of the hedge fund group Absolute Capital Management (ACM).
-
News
Dutch unions take on hedge funds via pension schemes
NETHERLANDS - ‘Union-unfriendly’ companies might face Dutch unions using pension funds investment policy as a weapon to force a change of tack, warned union umbrella grouping FNV.
-
News
Class, marriage to determine risk
UK - Pension funds in the UK will be better be able to calculate longevity risk using data that takes into account factors including social class and marital status, according to information firm Experian.
-
News
Eumedion rejects more transparency on holdings
NETHERLANDS – Dutch institutional investors have rejected the call to be more transparent about their shareholdings, the Dutch daily Het Financieele Dagblad writes today.
