More ESG news – Page 315
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CalPERS earns $98.4m (€81.2m) from stock lending
US – CalPERS has earned $98.4m (€81.2m) from lending out about two-thirds of its securities in one year and is moving further into enhanced index strategies and away from index funds and active managers.
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GES allows Nestle and Nomura into the ethical fold
SWEDEN – GES Investment Services, a Sweden-based socially responsible investments consultancy with clients managing €60bn of assets, has revised its exclusion list following improvements at Nestlé and Nomura but barred three other companies.
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European trade unions demand pensions recognition
Public service trade unions have outlined their priorities for pension reform in Europe, saying that pension schemes are "one of the pillars on which the social future of Europe will be built". They are unhappy that so little consideration is being given to their concerns in the ongoing pension debate. ...
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Merrills says fund managers are obsessed with inflation
GLOBAL - Fund managers’ concerns about high global inflation driven by commodities and wages “ are verging on the obsessive,” according to David Bowers Merrill Lynch’s chief global and European equity strategist.
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Nestlé pension fund’s Gillbanks joins Saudi bank
SWITZERLAND – John Gillbanks, fund manager at the 6.2 billion Swiss franc (3.8 billion-euro) Nestlé Fonds de Pension, has left to join a Saudi Arabian bank.
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S&P seeks European corporate governance director
EUROPE – Standard & Poor’s Credit Market Services says it is seeking a director-level individual for its London-based European governance practice.
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Dexia says European SRI market reaching maturity
EUROPE - Dexia Asset Management says the continental European market for socially responsible investments is reaching maturity - and is catching up with the UK.
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Netherlands’ SCGOP says pension funds must adapt
NETHERLANDS - Pension funds will have to “adapt” to benefit from new corporate governance regulations, says the head of the Netherlands’ Corporate Governance Research Foundation for Pension Funds, or SCGOP.
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Munsters has cheap E1m mortgage with PGGM
NETHERLANDS – Roderick Munsters, chief investment officer of 53 billion-euro Dutch healthcare fund PGGM, has a discounted mortgage loan of almost one million euros with the fund.
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Dispute over size of French SRI market
FRANCE – A dispute has emerged over the size of the French SRI market, with estimates that the market is worth up to 4.5 billion euros criticised as “Alice in Wonderland”.
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European finance CEOs call for pension reform
EUROPE - A group of Europe’s leading financial services executives have said pension reform is a key focus for the completion of the single European market.
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CalPERS says it beats benchmark by over 2%
US – CalPERS has said it returned 29.6% in the one-year period to the end of March, taking its assets to 165.8 billion dollars and beating its benchmark by more than two percent.
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Mercer changes approach in Petroleum Fund report
NORWAY – Mercer Investment Consulting has not made qualitative comments in its latest annual report into Norway’s 845.3 billion-crown (97.9 billion-euro) Petroleum Fund.
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Robeco CEO quits after losing board support
NETHERLANDS – Robeco says chief executive Géry Daeninck has resigned as of June 30 and will be replaced by former Euronext executive George Möller.
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BNP Paribas unveils new pension plan
FRANCE - BNP Paribas is to launch it an individual pension plan, Plan d’Erpargne Retraite des Particuliers, which will be available from May 10 at its branches.
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French SRI reaches E4.5bn - Novethic
FRANCE - The size of socially responsible investments in France reached 4.5 billion euros at the end of March from 4.4 billion euros at the end of December, reveals a report by Novethic, a subsidiary of CDC-IXIS.
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AP2 backs more transparent EU hedge rules
SWEDEN – The head of fixed income and alternative investments at the 140.4 billion-crown (15.3 billion-euro) Andra AP-fonden has welcomed moves to a more transparent hedge fund framework.
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State Street wins corporate governance vote
US – State Street Corp. has won a vote at its annual general meeting seeking changes to its board structure – which came as the group’s top executive said institutional investors are dealing with “enormous” forces.
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ING adopts “more active” voting policy
GLOBAL – ING Group, whose asset management businesses run about 162 billion euros of equity assets, says it will adopt a “more active” role as an institutional investor.
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Nordic institutions say SRI pays – survey
NORDIC – A majority of institutional investors in Sweden, Norway and Denmark say socially responsible investments deliver the same yield as other investments, according to SRI firm GES.
