More ESG news – Page 58
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NewsDanica Pension speaks out against ESG backlash in US
Danish pension provider challenges the argument that focusing on climate, diversity or equality harms companies’ bottom line
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NewsCarbon offsetting debate shouldn’t distract from compliance markets, say investors
Many investors are still pinning their hopes on carbon trading in the compliance markets, not the voluntary markets, to accelerate decarbonisation
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NewsEthos lays out new net zero transition metric to engage with CO₂ emitters
The foundation plans to set up a new engagement campaign centered on the highest emitters
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NewsPension funds see private equity as impact investing leader
Pension funds’ primary motive for impact private equity investment is to secure a more sustainable future
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NewsSwiss investors expand sustainable investments in private markets
Last year, asset managers and asset owners invested CHF77bn (€78.6bn) in private equity in line with sustainable standards, up from CHF74bn in 2021
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NewsWPP launches new sustainable global active equity sub-fund
The new sub-fund has launched with £1.2bn, with all eight Welsh Funds participating, and will be managed by Russell Investments.
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NewsVCMI launches guidance on carbon offsetting
The initiative will continue to develop labels and metrics over coming months
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NewsBlackRock CEO blacklists ‘the word ESG’
Larry Fink’s statement is likely to cause some upheaval as the US asset management giant still runs hundreds of investment funds with an explicit ESG strategy
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NewsLGPS climate reporting rules delayed
‘The absence of a reporting regime only adds to the already considerable pressure placed on funds from lobby groups,’ says SAB
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NewsIndustry leaders show support for ISSB standards
The ISSB standards are a significant step forward in the development of global sustainability reporting standards
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NewsTPR’s new general code to improve outcomes for members
The new code will introduce new pension scheme governance responsibilities
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NewsISSB releases ‘robust’ inaugural sustainability reporting standards
The standards ‘have been designed to help companies tell their sustainability story in a robust, comparable and verifiable manner,’ says ISSB chair
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NewsVBL faces parliamentary inquiry on investment transparency
A real estate loan for a project in Berlin has set off a parliamentary inquiry, and demands to disclose investments
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NewsFrench regulator questions managers’ approach to ESG data providers
Plus: New biodiversity credits initiative between UK and France
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NewsUK pensions regulator in hot seat over lax governance of LDI
The Pensions Regulator was not able to monitor whether its LDI guidance on managing risk was being followed, Work and Pensions Select Committee finds
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NewsChurch of England, Commissioners cut oil and gas companies from investment portfolios
‘Some progress has been made, but not nearly enough,’ says the chair of the Church Commissioners for England
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NewsFCA seeks feedback on plans to make investors explain voting decisions
Asset owners are not receiving sufficient information regarding the reason that asset managers had cast votes a particular way
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NewsIlmarinen anchors new Amundi climate-focused Europe ETF with €580m
Finnish pensions major edges closer to having all its passive equities tracking MSCI’s Climate Action indices
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NewsClimate Bonds Initiative ambitious about climate resilience finance
Plus: Fidelity International launches ESG tool for members; Zoological Society of London launches biodiversity guide for pensions industry
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NewsFolksam stows SEK1bn into World Bank road-safety bond
Swedish pensions and insurance group is sole investor in developing-world social bond issue prompted by own CEO
