Climate change – Page 11
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Country Report
ISIF: Impact investment fund with a difference
The Ireland Strategic Investment Fund’s focus is on driving the sustainable development of the Irish economy
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News
Blue economy can provide investment opportunity, deliver environmental return
A research study shows that investing €1.85-3.4trn globally across the blue economy from 2020 to 2050 would generate €7.5-21trn in net benefits
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News
SBAI agrees emissions risk, impact reporting principles for derivatives, shorts
Alternatives body proposes ‘endorsed emissions’ metric to account for impact sought through divestment or portfolio tilting
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News
PenSam picks S&P Dow Jones Indices to tailor climate-focused index
Danish pension fund CIO says carbon budget indices, plus customisation, let fund ‘achieve our climate objectives in a credible way’
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News
Investors bemoan ExxonMobil legal move against shareholder climate resolution
Oil and gas major says it turned to court in bid to ‘stop abuse’ of shareholder proposal process
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News
GRI revamps biodiversity standard, issues call for investor engagement
Understanding the impacts of organisations is ‘crucial aspect of implementing global solutions to halt and even reverse the damage and address existential threats’, says Carol Adams
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News
IIGCC nears guidance on addressing Scope 3 in investment portfolios
Asset-level engagement in material sectors and categories the way forward, working group suggests
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News
LCP calls on investment managers to focus on real world emissions
The firm has increased expectations on investment managers when it comes to climate change goals, and asks managers to help mitigate systemic climate risk
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News
Work kicks off on database for standardised avoided emissions calculation
Database will initially cover nearly 10,000 ‘avoidance factors’
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News
Danish pension funds supply €300m mezzanine in €4bn H2 Green Steel fundraising
PKA, Pensam, Lærernes, Akademiker contibute to construction of world’s first large-scale green steel plant via co-owned AIP Management
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News
LGPS Central flags ‘coolest climate tech’ at COP28
Non-profit co-founded by Al Gore reveals updated inventory of physical asset-level GHG data in connection with UN climate summit
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News
IIGCC publishes net zero voting guidance, embracing different approaches
‘There is no one-size-fits-all approach to voting’, says investor initiative
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News
KLP, NBIM and AP funds among first to commit to nature disclosures
TNFD is working with the EU’s sustainability-related reporting body, EFRAG, to map the relationship between different nature-related standards being developed
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News
European pension funds turn to co-filing at Shell to up climate credibility
Co-ordinator Follow This hails escalation by 27 leading investors
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News
Nordic pension funds split over owning Saudi Aramco
AP7 said it is in dialogue with KLP about exclusion of the world’s biggest oil company
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News
Avon Pension Fund joins south-west partnership for renewables investment
New partnership will see Avon scheme and other Brunel Pension Partnership investors deploy over £300m into renewables and energy transition assets
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News
KLP ditches Saudi Aramco and 11 other companies over climate and human rights
The exclusions are mainly related to the building and construction, property, and telecommunications sectors
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News
EU issues taxonomy guidance for investors, moves forward on regulating ESG ratings
Official political negotiations will kick off on the proposed regulation in January between the European Parliament, Council and Commission
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News
Corporate strategy and pension schemes’ ESG agendas misaligned, survey finds
Only 37% of CFOs and senior executives reported their corporate strategy and schemes’ ESG agendas are aligned
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News
Pension bodies and asset managers disagree over SFDR reform
European Commission acknowledges need to review legal foundations of SFDR and proposes two new options in consultation