More ESG news – Page 45
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NewsICMA and IRSG launch voluntary code of conduct for ESG ratings
‘In the growing market for ESG ratings and data products, the Code will be vital for increasing transparency and trust,’ says ICMA deputy CEO
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NewsUK pension funds call for more control over proxy voting
Signatories to an open letter to asset managers include London CIV, Merseyside Pension Fund, Environment Agency and Smart Pension
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NewsEthos reviews voting guidelines for sustainability and climate disclosures
Swiss listed companies will have to submit sustainability reports to shareholders vote from next year.
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NewsCOP28: Fossil fuels reference ‘a key signal to asset owners’
Final text also includes welcome recognition of importance of ‘enabling policy framework’
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NewsInvestors develop performance attribution model for decarbonisation
Investors have developed a way to explain what is driving carbon reductions in a portfolio
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NewsMismatch between Dutch funds’ SDG demands and investment opportunities
Bonds that finance projects that contribute to SDG 12 (Responsible Consumption and Production), Life below Water and Life on Land (SDGs 14 and 15) are especially hard to find
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NewsEU mulls taxonomy-based climate benchmark label
The EU has launched a consultation today on a new type of climate benchmark for investors
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NewsSwiss scheme disengages from energy sector to cut portfolio temperature
The scheme is excluding companies in the energy sector to progressively disengage from the fossil fuels sector
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NewsEIOPA outlines principles for better supervision of sustainability claims
Idea is to pave the way for a more effective and harmonised supervision of claims in the insurance and pensions sectors across Europe
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NewsNordic pension funds to confront Tesla over Swedish labour dispute
Folksam involved in investor initiative over Elon Musk’s US carmaker; PFA says collective bargaining is fundamental in the Nordic region
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NewsRailpen expects companies to use new ISSB standards ‘at a minimum’
‘In 2024 we will continue to use our voice to advocate for the strong shareholder rights and effective corporate governance, which ultimately benefit both investors and companies,’ says Railpen
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NewsRegulator fines Dutch retail scheme for communication mishaps
Pensioenfonds Detailhandel has accepted the €136,000 fine, but claims the regulator’s conclusions were ‘too firm’ and were based on too little information
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NewsPension fund for Swiss canton of Vaud reviews climate strategy
CPEV plans to put in place two new measures with regard to so-called green housing and the deployment of photovoltaic installations
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NewsUK schemes misaligned with climate transition, says XPS study
The average implied temperature rise of scheme holding is 2.8°C, much higher than the Paris Agreement targets of 1.5°C
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NewsCOP28: Denmark’s Velliv calls for more blended finance to speed green shift
Pensions firm calls for government-linked vehicles which fit institutional investors’ risk profile
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NewsSwiss government adds to climate disclosure guidelines for financial products
‘Climate Scores’ now include optional questions about products’ climate-related investment goals
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NewsFrance is first country to transpose CSRD into national law
The Directive will replace the Non-Financial Reporting Directive, laying out much stricter expectations for companies reporting on environmental and social impacts
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NewsMissing link between carbon intensity and ESG ratings drives ‘dilution’
Lack of correlation can complicate efforts from investors who want to lower their carbon footprint, but also take into account other ESG factors
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NewsGerman regulator to check European green bonds issuers obligations
Green bond issuers must publish an information sheet before issuing the bonds, which includes essential information on planned taxonomy-compliant use of proceeds
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NewsFondo Pensione Cometa pushes Microsoft on AI risks at AGM
The pension fund is also in favour of an independent analysis of the reputational and financial risks resulting from Microsoft’s involvement in the military industry
