More ESG news – Page 7
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NewsSwiss pension fund defends oil and gas exposure despite political pushback
Pensionskasse des Kantons Schwyz will continue to invest in oil and gas companies, arguing that greening the portfolio would damage returns
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NewsUK’s NEST rejects claims ESG rules block defence investment
Report by Royal United Services Institute concludes that ESG regulation is not hindering investment in the UK defence industry
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NewsWhat will the funding cuts facing sustainable finance NGOs mean for investors?
The European Responsible Investment Network (ERIN) has become the latest sustainable finance initiative to have its funding cut
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NewsMorningstar warns on steep decline in US ESG support
The lack of ESG signals coming through to investors means stewardship is failing in its traditional role, according to Morningstar’s Lindsey Stewart
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NewsLPFA invests 80% of £8bn total assets with climate risks in mind
The London Pensions Fund Authority’s climate strategy now also covers real estate, corporate bonds, credit, and infrastructure, in addition to global equities
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NewsUK government climate transition plan policymaking ‘causing confusion’
Pension fund industry body calling for departmental coordination to ensure coherence
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NewsNorway’s sovereign wealth fund cautions ESG stress tests must avoid capital flight
Supervisory stress tests should ‘encourage financial institutions to engage proactively with counterparties on credible transition and adaptation planning’, NBIM says
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NewsInvestor groups push back against planned sustainability disclosure rules for smaller firms
EFAMA, Eurosif and PRI have joined forces to argue that the VSME standard ‘is not adequate for larger companies, including small and mid-caps’
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NewsFunding, ESG concerns prompt SEC warning on IFRS reporting exemption review
SEC chair Paul Atkins warns the agency may revisit its 2007 decision to exempt foreign registrant companies from reconciling their accounts from IFRS to the US’s GAAP
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NewsLaunch of UK transition finance group delayed after industry fails to offer up suitable chair
The Transition Finance Council said 40 organisations had already expressed an interest in joining the new working group
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NewsExperts urge investors to maintain ESG engagement despite political hostility
Investors must maintain their ESG engagement efforts despite mounting political opposition and regulatory uncertainty, according to industry experts speaking at a CCLA event in London this week.
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NewsCourt sides with European Commission over definition of ‘green’ business
Taxonomy ruling comes amid mounting opposition to the EU Omnibus
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NewsThe verdict on SBTi’s new standard for investors
The dust is beginning to settle on the Science-based Targets initiative’s (SBTi) new net zero standard for finance. Launched in July, the final 80-page version is the result of two public consultations and a pilot with 33 financial institutions.It sets out the rules for any financial institution that wants the ...
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NewsLGPS, investment pools back strategic framework based on place-based investing
Report sets out key recommendations on how LGPS can channel their capital to support local growth plans
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NewsNearly 70% of LPs require climate risk management from GPs
There is lower demand for specific decarbonisation targets, finds study of 100 largest LPs
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NewsHymans Robertson unveils service for defined benefit funds to strengthen governance
The new service aims to help companies develop thorough oversight of their pension funds
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NewsInvestor coalition size ‘not key’ to climate engagement success, new research finds
LSE research finds no evidence that CA100+ significantly improved companies’ TCFD reporting or reduced carbon emissions
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NewsAustrian funds cut CO2 intensity, but bond portfolios lag
Research covering the period 2018-2023 supports Austria’s Green Finance Agenda to redirect capital towards sustainable investments
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NewsDutch pension giants divest from Caterpillar over Palestine concerns
Four of Netherlands’ five largest pension funds have sold their combined €260m stake in Caterpillar, over human rights concerns in occupied Palestinian territories
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NewsInvestors becoming ‘more confrontational’ on remuneration policies, says Georgeson
Listed firms in Switzerland had the highest level of contested remuneration reports
