More ESG news – Page 64
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NewsAlecta fires Magnus Billing, but says investments were within mandate
Losses on US niche banks have “seriously damaged confidence in Alecta’s asset management”, says Swedish pension giant’s board
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NewsAPG pays higher bonuses despite negative return
Most bonuses were paid to private equity staff working from the Dutch firm’s New York office
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NewsPension investors repeat demand to TotalEnergies: align emissions with Paris
The French energy firm refused to table a similar resolution at last year’s AGM, but investors have found a way to prevent this from happening again
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NewsIlmarinen anchors biggest ETF launch yet
Finnish pensions giant prompts creation of tracker fund based on new MSCI climate index – switching €1.86bn into new ETF
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NewsGerman sustainable finance platform wins support
Questions remain about how to achieve lasting changes in companies’ sustainability plans
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NewsEthos CEO issues stark warning of UBS/Credit Suisse concentration risks
UBS chair Colm Kelleher points to sustainability commitments, outlines ambitious asset management plans
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NewsAlecta fires equities chief; hires acting CIO as Billing slashes foreign holdings
Sweden’s largest pensions institution makes rapid changes to shore up public confidence after US bank losses
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NewsCometa to vote for diversity and equal opportunities at AGMs
The Italian pension fund wants booard members from gender minorities to hold senior roles
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NewsIntegrity Council launches Core Carbon Principles to grow voluntary market
The new standards should reduce confusion, overcome market fragmentation, and give buyers confidence they are funding projects making a genuine impact on emissions
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NewsEFRAG called to prioritise implementation support for sustainability reporting standards
The group is discussing how to put in place, with a high priority, an ESRS implementation support function
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NewsNorway’s GPFG calls for more minority shareholder protection
NBIM tells European Commission more wording is needed in draft directive on multiple-vote share structures
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NewsClimate roundup: Scottish Widows invests £1.4bn in environment and climate
Plus: Carbon pricing is key to combating climate change, says LGIM; Phenix Capital issues carbon neutral metrics
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NewsInvestors pin hopes on EU Green Bond Standard in fight against greenwashing
Most existing green bonds are unlikely to qualify as green under the new standard
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NewsUK green finance strategy plans to accelerate investment in nature
There is a target to raise at least £500m in private finance to support nature’s recovery every year by 2027 in England, rising to more than £1bn per year by 2030
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NewsPRI to respond to growing ESG divergence by creating ‘menu’ of pathways for members
Some of the pathways could be based around investment objectives, while others might focus on strategies, asset classes or thematic topics
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NewsIASB greenlights project on climate-related risks in financial reporting
However, there are ‘concerns,’ says IASB chair Andreas Barckow
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NewsUK roundup: PLSA issues stewardship and voting guidelines
Plus: LCP launches Illiquid Asset Solutions Group; PASA releases dashboards guidance
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NewsUK master trust funds Schroders’ first long-term asset fund
The strategy will aim to invest across four long-term themes; climate mitigation, climate adaption, biodiversity/natural capital and social vulnerabilities
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NewsEthos engagement pool ranks biodiversity as top priority
The platform has engaged with companies on the reduction of plastics and air pollution, and to promote circular economy models
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NewsTPR launches diversity, equality and inclusion guidance for pension fund trustees
The guidance provides pointers for chairs – explaining that the chair should play a key role in making boards more diverse and inclusive
