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NewsEthos slams Novartis for advisory vote on sustainability report at AGM
‘There is no doubt’ that a binding vote is necessary, says foundation
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NewsEthos opposes Novartis’ proposal of virtual-only AGMs
The foundation is in favour instead of ‘hybrid’ AGMs
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NewsSwiss pension funds hit by Nestlé slump and equity home bias
PPCmetrics shows that Swiss pension funds have invested CHF11bn – or 1.3% of total assets of CHF909bn – in Nestlé, more than any other single company
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NewsSwiss pension funds sail through index concentrations with positive returns
Swiss pension funds recorded an average performance of 5.9% last year, corresponding to investment returns of CHF70bn, says Complementa
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NewsSwiss pension funds warned on equity, bond concentration risks
‘Portfolio diversification remains the cornerstone of any investment strategy,’ says PPCmetrics
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NewsSwiss 1e pension plans spark appetite for younger generations
Large companies with 1e solutions include CS and Novartis
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Country ReportSwitzerland’s Ethos Foundation gets tough on governance
Sophie Robinson-Tillett interviews the Ethos Foundation’s Vincent Kaufmann
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Novartis misses benchmark
SWITZERLAND – Novartis’ CHF14.3bn (€8.7bn) pension fund has reported a return of just 2% for 2006 – below both the 6.6% average for other Swiss schemes and its own 3% benchmark.
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NewsSwitzerland's Ethos presses for review of Novartis' remuneration policy
Foundation argued that remuneration should not reward risk-taking.
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Ethos plans Novartis revolt
SWITZERLAND – Socially-responsible manager Ethos says it will oppose the re-election of a senior official at the Swiss pharmaceuticals giant Novartis during the firm’s annual shareholder meeting on March 6.
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Oxfam starts Novartis campaign
UK – Responsible investment campaigners FairPensions and international development agency Oxfam, have asked institutional investors to use their shareholder rights to put pressure on pharmaceutical firms.
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NewsEthos finds shortfalls in Nestlé’s sustainability report
The company is failing to disclose sufficient detail in particular on Scope 3 emissions
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New head at €8bn Novartis scheme
SWITZERLAND – Gino Pfister has stepped down as director of the Novartis pension fund, one of Switzerland’s biggest with CHF14.6bn (€8.6bn) in assets.
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NewsSwedish pension funds warn companies against digital-only AGMs
Alecta, AMF, AP funds say will vote down proposals to axe obligation to hold physical shareholder meetings
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Novartis pension fund returns 6.2%
SWITZERLAND – Novartis’ pension fund, one of Switzerland’s biggest with CHF14.6bn (€9.3bn) in assets, has reported a return of 6.2% for 2005 - well below the 11% average for other Swiss schemes.
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Novartis shifts from 'bricks and mortar'
The SFr16.8bn (e11.4bn) pension scheme of Swiss pharmaceutical giant, Novartis, holds real estate assets that comprise 12% of the fund’s assets. Earlier this year, it completed a major transition in the approach to its property portfolio, which allowed the fund to maintain its exposure to this asset class, while enabling ...
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NewsLarge Swiss firms fail to assess impact of digital transformation on workforce
However, Switzerland’s largest listed companies researched in Ethos study have improved their scores with regard to digital responsibly
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Novartis fund makes move from concrete to paper
Pension funds in Switzerland have a long tradition of investing in property, and the team responsible for the Sfr18bn(e12bn) Novartis pension fund is not exception. The Basle-based pension fund has for years had a significant exposure to real estate, around 12% of the total portfolio, through direct holdings in property, ...
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Novartis fund sells property in strategy shift
SWITZERLAND – The SFr17.5bn pension fund of pharmaceutical giant Novartis, has sold around 100 buildings in its property portfolio to Credit Suisse Asset Management (CSAM) in a change of strategy that will see the fund concentrate its real estate portfolio on indirect investment through Credit Suisse....




