More ESG news – Page 314
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France: BNP, Dexia vie for top SRI slot - report
FRANCE - BNP Paribas and Dexia are vying for first place in the French socially responsible investing market, consulting firm Novethic said.
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Dutch associations critical of pre-pension plans
NETHERLANDS – The Dutch pension fund associations the VB and the OPF have criticised the government’s pre-pension proposals – with the head of the OPF saying: “It’s difficult to see where it ends.”
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ABP-SSGA alliance buys governance firm stake
NETHERLANDS/US – The venture partnership between Stichting Pensioenfonds ABP and State Street Global Advisors has bought a minority stake in US corporate governance firm GovernanceMetrics International.
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Ross Goobey out at Hermes Europe arm
UK - Alastair Ross Goobey, chairman of BT Pension Scheme-owned Hermes Focus Asset Management Europe, has stepped down over a perceived conflict of interest.
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London exchange issues governance guide
UK – The London Stock Exchange has published a guide to corporate governance in association with consulting firm RSM Robson Rhodes.
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Commerzbank reorganises consultant relations
GERMANY - Commerzbank has reallocated responsibilities for consultant relations to give a larger share to its London-based subsidiary, Jupiter Asset Management.
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Hermes names new management team
UK – David Pitt-Watson, managing director of Hermes Pensions Management’s UK Focus Fund, is to take over from Peter Butler after his resignation on Tuesday.
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French SRI market enters maturity – Novethic
FRANCE - The French Socially Responsible Investment market has entered a “first phase of maturity” after recording 75% growth in 2004, said Caisse de Depots subsidiary Novethic.
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VB, EFRP to host EU corporate governance event
EUROPE - The Dutch Association of Industry-wide Pension Funds, the VB, has teamed up with the European Federation for Retirement Provision to run a conference on corporate governance in the European Union.
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IPE publishes Top 400 European asset managers
EUROPE - IPE has today published its 2004 ranking of the Top 400 asset managers active in the multi trillion-euro European marketplace, with Allianz, Fidelity and State Street Global Advisors retaining their top three places.
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Asset manager hires pension fund
UK – Asset management firm AXA has tapped pension scheme-owned Hermes to run a set of passive funds.
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France’s FRR to launch governance guidelines
FRANCE - The French pensions reserve found, the Fonds de réserve pour les retraites, is to launch a set of guidelines for corporate governance by the end of the year.
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French reserve fund set to name overlay manager
FRANCE - The 16 billion-euro French reserve fund, the Fonds de réserve pour les retraites, is going to appoint an overlay manager by the end of July, the president of the scheme’s executive board, Francis Mayer, says.
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Pensions a priority for Dutch EU presidency
EUROPE – The “social and financial sustainability” of pension schemes is one of the stated priorities of the Netherlands’ tenure of the European Union presidency.
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AP2 names head of corporate governance
SWEDEN – The 140.4 billion-crown (15.3 billion-euro) second Swedish national pension Andra AP-Fonden, or AP2, has named Carl Rosén as head of corporate governance and communications.
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Railpen names Johnson as finance director
UK - The 14 billion-pound (20.8 billion-euro) Railways Pension Trustee Co. has appointed Frank Johnson as finance director following the retirement of Malcolm Gray.
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VB presents draft governance code
NETHERLANDS – The Dutch Association of Industry–wide Pension Funds, the VB, has presented its draft code for pension fund governance.
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UK coal scheme aligns with BTPS on governance
UK – The 10 billion-pound (14.9 billion-euro) British Coal Staff Superannuation Scheme has aligned with the BT Pension Scheme on governance issues, with an outsourcing deal with Hermes.
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Dutch funds working on pension fund governance
NETHERLANDS – Dutch industry-wide pension funds are working on a pension fund governance code, along the same lines as the new Tabaksblat corporate governance code.
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German federation criticises EU corporate governance proposals
GERMANY- The Federation of German Industries (BDI) has criticised the forthcoming EU recommendation on requiring more onerous corporate governance standards.
