More ESG news – Page 324
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European pensions mixed response to CalPERS move
EUROPE -The move by CalPERS, the US’s biggest pension fund, to pull out of four emerging markets on ethical grounds has met with a mixed response from European pensions funds.
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Storebrand extends its SRI fund range
NORWAY- Storebrand, one of Norway’s largest insurers, is adding to its family of socially responsible funds with the launch of Storebrand Global SRI. The new fund complements the insurer’s four Luxembourg-based ‘principle funds’, each of which is subjected to positive screening.
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FIS adds Thompson to global equities team
UK – Friends, Ivory & Sime has appointed Mark Thompson as a fund manager to its global equities team in London. Thompson will have specific responsibility for researching global environmental technology companies.
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ABF launches Luxembourg-based SRI equity fund
FRANCE/LUXEMBOURG – Paris based quantitative management company, ABF Capital Management (ABF), has launched ABF Green Planet Fund, a Luxembourg based socially responsible investments equities fund, which applies a global environmental investment approach.
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BGI considers introduction of SRI
GLOBAL/UK- Barclays Global Investor, one of the world’s largest investment managers, is considering introducing an SRI component into its management approach.
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AP7 set to blacklist construction company
SWEDEN- Sweden’s AP7 default fund looks set to blacklist NCC, a construction company that has admitted illegal collusion with competitors over tendering for road building projects.
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KPA promotes Looström to CEO
SWEDEN – Stockholm-based asset management company, KPA Kapitalförvaltning has promoted its head of sales, Wiveka Looström to chief executive officer.
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Robeco launches SRI fund
NETHERLANDS – Rotterdam based financial services group, Robeco, has launched its second socially responsible investment (SRI) fund, the Robeco MilieuTechnologie, which will invest in companies worldwide that are active in preserving and improving the environment, especially in the areas of sustainable energy, water management and waste recycling.
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Folksam to screen its entire assets in SRI drive
SWEDEN- Swedish investment manager Folksam has announced a screening of its entire Sek105bn (e11.3bn) portfolio for environmentally unfriendly companies and for those that violate human rights. The strategy, launched at the beginning of the year, is underway and expected to take around six months to complete.
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Aberdeen City picks FIS & SSgA for passive SRI
UK- Aberdeen City Council pension fund is applying Friend’s Ivory & Sime’s responsible engagement overlay (reo) programme to its £300m passive portfolio run by State Street Global Advisors.
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Litvack to head Friends Ivory & Sime SRI unit
UK - Friends Ivory & Sime (FIS) has promoted Karina Litvack to head its socially responsible investment (SRI) team as director of governance & socially responsible investment (GSRI), following the departure of Craig Mackenzie...
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Institutions lobby Germany on takeover directive
UK/GERMANY – A number of UK and US institutional investors, including Hermes, the investment manager of the British Telecom pension fund and Morley Fund Management, have written to the German government in protest at the country’s controversial opt-out clause from the EU corporate takeover directive.....
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NAPF and Deminor in European governance venture
UK - The UK National Association of Pension Funds’ (NAPF) Voting Issues Service (VIS) and corporate governance research and ratings advisor, Deminor Rating, have joined forces to offer coverage of major European companies in 16 countries....
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SRI research needs standardisation, EU told
EUROPE – It is the quality of socially responsible investments (SRI) research that needs to be standardised, not the methodology, according to Claudia Kruse, corporate responsibility analyst at SRI specialist firm, Global Risk Management Services (GRMS)....
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European pension schemes join Burma action group
EUROPE - A group of European financial institutions including the £21bn (e33.5bn) UK Universities Superannuation Scheme (USS) and e48bn Dutch superfund PGGM have formed an action group to raise concerns about investment in Myanmar – formerly known as Burma....
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Irish pensions association loses director
IRELAND – Des Crowther, director of the Irish Association of Pension Funds (IAPF), has left the association to become chief executive of the Dublin-based Irish Institute of Purchasing and Materials Management....
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New European SRI forum launches
EUROPE – The socially responsible investment (SRI) market in Europe has been given a significant boost by the launch of the European Sustainable and Responsible Investment Forum (Eurosif) by a consortium of European social investment forums (SIFs) and with the financial support of the European Commission (EC)....
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SRI lacks definition say financial managers
EUROPE – An overwhelming majority of financial analysts and managers across Europe believe that there is a lack of transparency in the definition of Socially Responsible Investment (SRI) criteria and that this is holding back its development, according to a survey on SRI carried out by Taylor Nelson Sofres.... ...
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ABN Amro launches SRI equity fund
NETHERLANDS/LUXEMBOURG – ABN Amro has launched the Socially Responsible Equity Fund (SREF), a Luxembourg based fund aimed at both private and institutional investors.....
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FTSE4Good completes SRI index line-up
UK – The socially responsible investment (SRI) index, FTSE4Good, has today (November 19) completed its line-up of SRI benchmarks with the launch of two new indices, the FTSE4Good Global Index and the FTSE4Good US Index....
