Climate change – Page 13
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NewsBrunel Pension Partnership achieves 75.4% reduction in reserves intensity
The investment pool will work closely with S&P to help with scenario analysis for physical climate risk
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NewsNet zero alignment commitments shoot up for UK pension funds
The percentage of UK pension funds with net zero commitments increased from 57% last May to 68% this year
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AnalysisCOP28: A choice between conflict and cooperation
Arab financials are ideal partners for European pension funds and investors, writes energy market expert Cyril Widdershoven
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NewsSkandia stows $100m in Dutch-backed sustainability blended-finance fund
Swedish pensions firm praises ‘innovative’ structure of SDG Loan Fund for easing flow of institutional money to developing countries
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NewsSBTi seeks financial institutions to pilot updated near-term criteria
Interest needs to be submitted by 14 December
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NewsUncertainty must ‘take centre stage’ in climate scenario advice to trustees
Failure to communicate uncertainty in damage estimates ‘the most glaring flaw in the advice’
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NewsGRI seeks comments on draft standards to enhance climate action transparency
The consultation comes on the eve of the United Nations COP28 climate change summit
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NewsMining 2030 Commission gets supports from 82 investors as members named
Among the 82 investors that are backing the initiative are APG in the Netherlands, USS in the UK, US fund CalSTRS and Canadian pension fund CDPQ
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NewsUK asset owner group publishes manager voting (mis)alignment review
Discussions have taken place between UK asset owners and asset managers about next steps
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NewsIIGCC publishes investor guidance on climate solutions
The guidance looks at climate solutions in public equities and corporate fixed income portfolios
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NewsNet Zero engagement: asset owners publish rules for managers
The NZAOA asks investors to get engagement programmes assured and to focus on outcomes
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FeaturesAvoided emissions: measuring carbon that didn’t enter the atmosphere
A few years ago, a footwear producer’s claim that it was reducing carbon emissions in the economy because its customers walked rather than took the car provoked amusement among investment managers. It wanted to prove its product was healthier and greener than competing transport modes by claiming credit for emissions prevented from petrol use. This autumn, assessments of the role played by individual low-carbon products in replacing fossil fuels are again under scrutiny in the finance sector.
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NewsTPT urges asset owners to integrate transition plans in asset manager mandates
Recommendations made in draft guidelines from the group advising the UK government on upcoming rules for transition plans disclosures
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NewsAustrian pension funds to lose 7.5% in asset value due to climate risks
The result of this year’s stress test is an improvement from last year’s test showing a 10% loss in asset value
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NewsInvestors ‘queuing’ to participate in Climate Action 100+ despite US backlash
Church of England Pension Board’s Adam Matthews says shareholder initiative, which currently has a 50+ waitlist, ‘must prove its worth’
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NewsCentral bankers group ‘enriches’ long-term climate scenarios
NGFS is also planning to develop short-term scenarios
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NewsWiltshire pension fund to stay ‘agile’ on decarbonisation target-setting
£3.1bn local government pension scheme is currently behind target with its carbon footprint down 23.3% since 31 December 2019
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NewsEx-BlackRock research head: ESG’s ‘biggest sin’ is conflating finance, impact and ethics
Comments come as GAM’s sustainability chief says leaders have gone ‘very close to as far as they can go’ under current system
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NewsUK pension funds could invest up to £1.2trn to tackle climate change
Today only £100bn of the UK pension industry’s assets are invested in UK climate solutions such as offshore wind, solar and energy-efficient housing
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NewsGFANZ names investors planning for climate transition in bid to ‘generate inspiration’
Railpen, Phoenix Group, Allianz and BlackRock are among a list of investors highlighted for their climate transition plans
