Sustainability – Page 31
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Opinion PiecesGuest viewpoint: Green bonds require better coordination for real impact
Worth approximately $128.3trn (€117trn), the global bond market could add billions to the global effort to reach the United Nations’ sustainable development goals (SDGs). Yet only a fraction of the market currently consists of green, social and sustainability (GSS) bonds, and of that very little is being issued in developing countries. In 2022, annual GSS bond issuances stood at under 10% of overall bonds and only 13% of them came from entities in developing countries, a number that dwindles to around 5% when excluding issuers from China.
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Asset Class ReportsFixed income & credit – Sustainability-linked bonds
Sovereigns and other issuers are yet to embrace sustainability-linked bonds but issuance is growing
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Opinion PiecesCapital competition: where does it leave sustainability goals?
For pension funds and other similar large institutional pools of capital, there is significant pressure from politicians to invest in politically favoured domestic sectors – like renewables or high-growth sectors like venture capital.
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Country ReportItaly: Pension funds face SFDR test
A significant number of pension funds have classified their portfolios under the EU’s flagship sustainability disclosure regulation
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Country ReportItaly: Pension investors raise their sustainability game
Pension funds and other institutions are making greater use of engagement and voting as they pursue their ESG goals
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NewsWPP launches new sustainable global active equity sub-fund
The new sub-fund has launched with £1.2bn, with all eight Welsh Funds participating, and will be managed by Russell Investments.
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NewsExperts ‘very concerned’ about EU row-back in proposed CSRD standards
Leaving entities free to choose which areas were material before disclosing ‘allows companies to leave out entire parts of the sustainability disclosures’, says Eurosif
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NewsMEPs call on European Parliament to include investors in CSDDD
There was a push from MEPs on the right of Parliament to water down the proposals, or even reject the entire text of the Directive
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NewsCorporate governance: Voting for stronger rules
‘Stewardship codes weren’t developed to save the planet,’ says Dionysia Katelouzou of King’s College London
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FeaturesAccounting: the road to global applicability for sustainability standards
The Sustainability Accounting Standards Board (SASB) has long been a vanguard of sustainability-related financial disclosure standards. But the global applicability of the standards has remained a focal point for discussion. In response, the International Sustainability Standards Board (ISSB) has launched a project called International Applicability of the SASB Standards to take on the challenge.
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News‘World’s first’ nature targets unveiled in bumper week for natural capital developments
Guidance for entities wishing to start setting nature-related targets was launched by the Science Based Targets Network
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NewsIORP II reform: European pension associations dissect EIOPA’s review proposals
Several industry officials believe ‘it’s too soon’ for a review of the Directive
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NewsUK roundup: Brunel updates climate policy following review
Plus: Smart Pension reaches £3bn in total assets amid market consolidation; Timpson pension fund signs buy-in deal with Just Group
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NewsOverall LGPS funding level up to 107%, says report
Improved funding positions have meant that schemes have been able to reduce the level of contribution rates
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FeaturesTackling the sustainability conundrum
With climate change and the loss of biodiversity seen as potential existential risks for humanity, it has become imperative to create and implement a sustainable form of capitalism
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NewsPublica to reinforce knowledge on biodiversity to better assess portfolio risks
The fund has also invested CHF454m in green bonds and financed renewable energies projects with CHF212m
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InterviewsNikko Asset Management: Complex, creative thinking
Stefanie Drews is at home with complexity. She speaks several languages fluently, including Japanese, and tells us she still does her maths in Italian.
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Special ReportBriefing – Regulation
In Frankfurt, EIOPA has responded to the European Commission’s call for technical advice in its stocktake on IORP II, the European framework for occupational pensions. EIOPA proposes widening the scope of IORP II in a pivot away from cross-border pensions and towards sustainability. A consultation process is open until 25 May.
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InterviewsPZU TFI: Building the future of Polish pensions
Marcin Żółtek (pictured), CEO of PZU TFI, one of Poland’s largest managers of DC pension savings, tells Jakub Janas and Carlo Svaluto Moreolo about the firm’s role in the Polish pension system
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Special ReportRegulation: EC continues sustainable investment regulation drive
The state of play for EU sustainable finance regulation