More ESG news – Page 73
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German pension funds look at ESG to invest in alternatives
Investors understand that alternative asset classes are more than a short-term replacement for bonds, says MEAG
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NewsDanish teachers’ pension fund to shed €269m of fossil equities
Lærernes Pension tightens criteria for fossil fuel exclusions, after setting 2050 net-zero goal in June
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UK’s Health Foundation picks Redington for responsible investment advice
Redington will support the Foundation as it looks to bolster its position as a long-term, responsible asset owner
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Uncertainty for sustainable investing as CSRD legislation is adopted
The first available corporate reports are only expected from 2025 and the full scope for all applicable firms will only be in place from 2028 onwards
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PenSam, Greater Manchester demand tax transparency from ConocoPhillips
Danish and UK pension funds challenge US oil giant, co-filing shareholder resolution alongside Oxfam America
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News‘Many companies’ Swiss BVK holds are not in line with climate goals
BVK will use the PACTA test with other climate indicators to further refine measures to achieve its net zero and decarbonisation goals
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NewsISSB vice-chair clarifies reach of sustainability reporting standards
The board is responsible for setting ‘descriptive standards rather than prescriptive standards’, says Jingdong Hua
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NewsNet Zero Asset Owners lay out expectations for private markets managers
The group is asking private markets managers to disclose their scope 1 and 2 financed emissions for the 2023 financial year
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NewsSwiss pension funds put at risk efforts to achieve climate goals
Oil and gas extraction and power generation represent more than 50% of the exposure of equity portfolios of pension funds
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NewsAP2 to focus climate efforts on driving down company emissions
Swedish national pensions buffer fund uses own analysis to find the true derivation of portfolio emissions reductions
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NewsSwedes back AP funds’ ESG efforts, but are split on whether they work
Poll for first-pillar pensions manager AP7 shows 77% of people in Sweden do think the national pension funds should heed environment, ethics in pensions management
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NewsUK’s FCA forms group to develop ESG code of conduct
The FCA, the Bank of England and other relevant financial regulators and government departments will sit as active observers to the group
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NewsUK professional trustee market may suffer retention crisis, says Charles Stanley
Two in five professional trustees plan to step down from their role within a year
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LDI is ‘the ultimate folly’, says UK pensions expert Keating
September crisis was no black-swan event but certain to happen in time, Con Keating tells event
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AP Funds revamp ethics council management after audit
New strategy sees ethical screening of listed foreign equities extended to cover corporate bonds
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NewsAP7 acts to foster development of more company climate data
Swedish €80bn pension fund documents use of ICAP portfolio in emissions-monitoring and engagement efforts
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NewsESMA launches consultation on guidelines for ESG or sustainability-related terms use
‘ESMA continues to prioritise promoting transparency and tackling the risk of greenwashing,’ says chair
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Varma warns will pull plug on business with brokers funding fossil energy
Finnish pension insurer begins closer monitoring of how the banks it works with finance coal, oil-reliant companies
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Dutch pension funds too vague about sustainability risks, says regulator
Pension funds often fail to explain how they take heed of sustainability risks in their investment policies
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New directive quadruples companies disclosing on ESG issues
Promoters of the directive draw particular attention to the integration of non-EU entities such as the subsidiaries of US firms, which is rare in the EU statute
