More ESG news – Page 57
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NewsNordic SWF tops global transparency ranking
CPP Investments and AustralianSuper came in second and third overall
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NewsDCIF calls for consistent template for TCFD reporting for master trusts
Greater standardisation of reports should become common practice, the forum recommended
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NewsDanica Pension completes first biodiversity mapping of investments
Investments in mechanical engineering, pharmaceuticals, energy, and food processing have ‘potentially the greatest damage and dependence on biodiversity’, it says
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NewsEuropean Commission at risk of losing leadership role on sustainable finance
There is high-level political pressure on Commission president Ursula von der Leyen to further hollow out the standards
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NewsAP4 wins back almost half last year’s loss by end of June
Swedish buffer fund says strong stock market performance boosted returns in first half of 2023
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NewsKey players welcome release of IFRS S1, S2 sustainability standards
The knotty issue of materiality remains, however, a key issue in the ongoing discussion around the new standards
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NewsRolls-Royce pension fund picks BlackRock for custom-built default fund
Plus: LPP invests in Federated Hermes’ private equity fund; GAD completes methodology assessment into British Steel scheme; Osmosis partners with SuMi TRUST
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NewsFinancial Stability Board asks ISSB to take over TCFD monitoring role
The move ‘provides yet further clarification of the so-called ‘alphabet soup’ of ESG initiatives for companies and investors’, says ISSB chair Emmanuel Faber
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NewsNBIM asks for change to European green reporting standards on materiality
As European Commission’s consultation on draft European Sustainability Reporting Standards closes, Norway’s SWF manager says companies should be made to say why topics are not material
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NewsSovereign investors reshape portfolios after year of negative returns
Sovereign investors are now more resolute than ever in their ambitions to fund the energy transition
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NewsPublic prosecutor investigates former DWS CEO Asoka Wöhrmann
The public prosecutor’s office and DWS are now locked in negotiations regarding a fine
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NewsDutch pension sector asks European Commission to reconsider CSRD proposal
The Pensioenfederatie and pension asset managers APG, PGGM and MN have sent a letter to Ursula von der Leyen saying they are “very concerned” that the proposal will lead to the unavailability of sustainability data for pension funds
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NewsShareAction issues guidance manuals for responsible investment best practice
The first paper recommends how asset managers can set interim net zero targets that are fit for purpose
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NewsNorway’s SWF bans PowerChina on threat to orangutans
NBIM follows advice of GPFG’s Council of Ethics, banning PowerChina and putting UK-listed Petrofac under observation
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NewsEFAMA calls for consistency in response to ESAs SFDR consultation
The association ‘fails to see’ the added value of expanding disclosures on the ‘do no significant harm’ assessment of sustainable investments
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NewsAP7, CEPB reverse National Grid no-vote decisions after climate-lobbying victory
Swedish national pension fund AP7 and the Church of England Pensions Board (CEPB) have announced they are reversing their decisions to vote against the management of UK multinational energy firm National Grid, following the firm’s public commitment to develop climate-lobbying disclosure. AP7 and CEPB – as the lead engager with ...
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NewsBaFin deploys full range of regulatory tools to fight greenwashing
The regulator’s efforts are currently focusing on the ‘environmental’ aspect of ESG, and particularly on climate change
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NewsChurch of England exits Net-Zero Asset Owner Alliance
‘Given the size of the organisation, a clear focus on one initiative was needed,’ says CEPB’s director of climate and environment
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NewsClimate scenario analysis ‘makes fiduciary duty arguments harder’ for net zero investors
IFoA paper says the underwhelming results of climate analysis come from the narrowness of the scenarios being tested
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NewsPPF expands sustainability drive with new strategy
Plus: Church Commissioners’ sustainability report shows farmland to be highest carbon emitter
