More ESG news – Page 3
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Varma trumpets biggest investment yet with €2.3bn in US climate ETF
Finnish pensions insurer invests in Invesco New-York ETF launch, with fund tailored to its own needs
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German government backs sustainable investing in defence sector
Sustainable investments association FNG says weapons are ‘not compatible with the principles of sustainable investing’
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EU urged not to make ‘arbitrary’ cuts to sustainability disclosure rules
Nearly 100 NGOs, think tanks and membership bodies have written to Commission president Ursula von der Leyen
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Railpen strengthens engagement and voting commitments for 2025
Railpen has strengthened voting policy on issues such as shareholder protection and audit quality for 2025 AGM season
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New UK group aims to provide ‘loud trustee voice’ on sustainability
Newly formed Trustee Sustainability Working Group wants to work with regulators to move away from approach that fosters ‘low-level reporting’ on climate risk management
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Sampension divests China’s Temu on consumer protection concerns
Danish pension fund blacklists company behind online marketplace, citing EU probe into possible rule-breaking
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Christian investing initiative is launched
The aim is to drive a new market for Christian Faith Consistent Investing
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Two-thirds of asset owners expect to offset portfolios’ carbon emissions, finds study
Critics arguing that investors and companies that use carbon credits are just buying a license not to reduce their own contribution to climate change
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Reputational disaster or ‘badge of honour’? Fund managers split over Aviva’s SFDR fine
Asset manager is first to face enforcement under the rules, but peers are divided on what it means
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EAPF open to using biodiversity credits to bolster natural capital returns
The Environment Agency Pension Fund plans to allocate 4% to natural capital and set a 17% target for climate solutions
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Varma invests €500m in made-to-measure Japanese low-emission ETF
Finnish pension firm’s listed chief says Varma will carry on creating more sustainability products
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IPE Conference: CPEG in talks with managers exiting CA100+
CPEG is asking asset managers to provide an explanation for their departures from the climate engagement group
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Swiss asset managers urge companies to pursue sound transition plans
Lombard Odier, Pictet, UBS, Zürcher Kantonalbank, and Baloise back AMAS letter to help guide engagement between asset managers and investee companies
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Challenges remain as UK schemes see net zero targets hindered
Lack of high-quality data and uncertainty around government policy are cited as major barriers among pension funds
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Asset owners urged to cut exposure to firms with no Scope 3 target, says NZAOA
Report advises asset owners to take a series of immediate steps to ‘make meaningful progress, while driving public discourse and pushing for regulatory change’
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Norway’s SWF seeks green light to sell slowly-growing Russian assets
NBIM also makes first Israeli company blacklisting since ethical council stepped up its stance regarding Palestinian territory occupation
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EU Taxonomy costs hit ‘several million pounds’ for some FIs, finds government research
Financial institutions are more likely than real-economy companies to have already updated their data systems to account for the taxonomy
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Investors on a biodiversity ‘learning curve’, ISSB staff report
ISSB says there is a ‘clear trend’ with water resources emerging as a top concern for those assessing BEES-related risks
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OECD calls for strong action to make pension systems more inclusive
Overall pension assets in OECD countries grew by 10% in 2023, reaching over $56trn
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ABP, Aegon, Phoenix and GPFG named among climate lobbying leaders
Using publicly available information, InfluenceMap scored 30 pension funds and insurers from around the globe