More ESG news – Page 74
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NewsIOSCO working to endorse ISSB sustainability standards, chair hints
The ISSB is currently redeliberating its first two draft sustainability standards dealing with general disclosure requirements and climate reporting
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Act now to curb downside climate risk, investors warned
‘At present, many investments are not accurately priced with regard to climate transition,’ says Thinking Ahead Institute
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NewsEuropean supervisors call for input on greenwashing to inform work
EBA, EIOPA and ESMA say they need to understand which areas might be more prone to greenwashing risks
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Pension funds demand engagement success from external managers
53% of pension funds are unlikely to hire an external manager that cannot demonstrate specific outcomes for engagement, according to bfinance
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NewsChurch of England drafts just transition investment principles
With a pensions fortune of £3.7bn, the Church of England follows up May’s 12-fund pledge to work to support the climate transition in emerging markets.
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KLP says financial sector completely dependent on politicians for climate success
Norwegian municipal pensions firm in Sharm el-Sheik summit ‘to show we are doing our part’
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NZAM initiative announces initial net zero targets
Approximately $21.8trn is now committed to be managed in line with achieving net zero by 2050 or sooner
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Asset managers call on FTSE companies to review executive pay in light of cost-of-living crisis
Retention and motivation of employees below executive level will be key for many companies, while board decisions could impact on productivity of whole workforce
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UK roundup: Standard Life completes £15bn DC transition into sustainable solutions
Plus: Legal & General Mastertrust issues first TCFD report; Aon wins fiduciary advice contract for Russell & Bromley scheme
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Switzerland sees increase in number of pension funds decarbonising portfolios
A high share of Pensionskassen still does not take advantage of the benefit of investing according to ESG criteria
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TISA launches TCFD guide to help improve price of climate-related risks
UK government to ensure the country becomes first in the world to make TCFD-aligned disclosures mandatory across whole economy by 2025
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Varma diversifies EM bonds away from govvies with $50m in corporates
Finnish pensions heavyweight makes first foray into EM corporate bonds, buying into HSBC AM’s bottom up fixed-income fund
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NewsNordic pension funds to push climate investment towards developing world
Climate Investment Coalition and Nordic Council of Ministers present set of investor recommendations at COP27 in Egypt
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NewsAustrian regulator carries out blackout stress test with Pensionskassen
The stress test assesses the level of maturity of the measures taken by Pensionskassen to withstand a blackout
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NewsPAAO initiative’s first progress report showcases innovation, best practice for net zero goals
Latest disclosures include targets from asset owners including AP7, Lloyds Banking Group Pensions Trustees Limited, Railpen and Ilmarinen
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Research: Financial sector’s approach to tackling climate change is fragmented
First benchmark developed by the WBA that focuses on financial institutions, including asset owners, banks, asset managers and insurers
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ISSB unveils support framework for emerging economies at COP27, tie-up with CDP
Emmanuel Faber reminded COP27 of main conference message: ‘the need for climate-related financial disclosures is increasingly urgent’
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Net zero strategies must include proxy voting commitments, verification, UN says
The guidance on credible net zero transition plans calls for the creation of a ‘global taskforce on net zero regulation’
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NewsUK regulators put spotlight on collaborative engagement in climate transition recommendations
The guidelines suggest that transition plans should identify the metrics investors and companies use to measure their climate progress
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Top UK pension providers fail to keep up with climate action
Top 20 UK DC schemes are lagging behind in multiple areas – from short-term targets to action on deforestation
