More ESG news – Page 44
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NewsAvon Pension Fund joins south-west partnership for renewables investment
New partnership will see Avon scheme and other Brunel Pension Partnership investors deploy over £300m into renewables and energy transition assets
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NewsInsurance Sweden says SFDR should be simpler, not used as product label
Design of regulation makes it hard to convey information to the customer, lobby group says
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NewsDemand for natural capital managers outpaced real estate in 2023
Report by bfinance found that more than 50 asset managers now provide natural capital strategies
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NewsMorningstar expects up to 300 funds to opt for sustainability label
The most popular label for managers will be ‘sustainability focus’, which requires a fund to invest in sustainable assets, says Morningstar
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NewsACA sets up steering group to assess risk and opportunities of AI for pensions
The group will be chaired by LCP partner Alex Waite and to date is made up of members from Aon, Barnett Waddingham, Buck, Isio, Mercer and XPS
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NewsInvestors’ in-house ESG scores diverge more than providers’ ratings
There is just 30% correlation between the ESG scores that asset managers assign to their portfolio companies, compared with 50% for external ratings providers
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NewsBorder to Coast votes against 95% chair re-elections in oil and gas companies
This is up from 31% in 2022, following an updated voting policy for the oil and gas sector
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NewsFon.Te ups private market investments to €560m
The scheme has invested 70% of the sum in the real economy in Italy through impact-investing strategies
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NewsPension funds barely contribute to stewardship, claims former sustainability chief
‘Stewardship is a fraction of a pension fund’s fee basis and the highest impact stewardship activities are the least funded within that,’ says Will Martindale
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NewsKLP ditches Saudi Aramco and 11 other companies over climate and human rights
The exclusions are mainly related to the building and construction, property, and telecommunications sectors
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NewsFrance strengthens SRI fund label to ‘give investors more confidence’
The label can now only be secured by funds that have no exposure to companies developing new fossil fuel assets
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NewsEU issues taxonomy guidance for investors, moves forward on regulating ESG ratings
Official political negotiations will kick off on the proposed regulation in January between the European Parliament, Council and Commission
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NewsCorporate strategy and pension schemes’ ESG agendas misaligned, survey finds
Only 37% of CFOs and senior executives reported their corporate strategy and schemes’ ESG agendas are aligned
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NewsNBIM extends long-running Niger Delta engagement with Shell, Eni
Norwegian SWF says ‘still a forward-looking risk of norm violation’ by the oil companies
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NewsSwiss scheme to assess compliance of private market managers with ESG standards
The scheme wants to apply ESG standards to all asset classes
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NewsPension bodies and asset managers disagree over SFDR reform
European Commission acknowledges need to review legal foundations of SFDR and proposes two new options in consultation
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NewsUK to conduct transition finance market review
Review to be led by Vanessa Havard-Williams, former head of Linklater’s global environmental and climate change practice
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NewsNo new accounting rules for net zero, IFRS committee decides
International standards, in particular IAS 37, deemed to provide ‘adequate basis’
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NewsLarge Swiss firms fail to assess impact of digital transformation on workforce
However, Switzerland’s largest listed companies researched in Ethos study have improved their scores with regard to digital responsibly
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NewsEU watchdog spells out rules for ‘transition’-labelled funds
Guidelines will be formally published next year
