Climate change – Page 21
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NewsWhat the Net Zero Asset Owner Alliance actually said about carbon offsets
‘This is a really important decade for dealing with climate change, so asset owners have to decarbonise the real economy,’ says NZAOA’s investment lead
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FeaturesTCFD reporting for pension funds in the UK: a progress report
Some 18 months from the introduction of mandatory reporting of climate data by large UK pension funds, evidence shows that the policy has not brought about greater orientation towards green investments
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Opinion PiecesGuest viewpoint: The elephant in ISSB's drawing room
In mid-summer 2022, the International Sustainability Standards Board (ISSB) invited public comments on exposure drafts of its first two white papers: IFRS S1 on general requirements for disclosure of sustainability-related financial information, and IFRS S2 on climate-related disclosures. It received what was described as a “torrent” of responses.
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Special ReportSpecial Report – Natural capital
Incorporating nature risk into financial analysis remains the - for now elusive - goal for investors, but this is hard given the lack of consensus on what information should be collected and how it should be presented. Such questions are the domain of the Taskforce for Nature-related Financial Disclosures (TNFD), the group founded in 2021. As well as striving for transparency and consistency in data disclosure, asset owners are also keen to deter inflated and exaggerated claims by asset managers on biodiversity impacts.
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Special ReportNatural capital: Asset owners start to engage
Two new global initiatives are under way to help investors focus on issues such as deforestation, while some managers have been on track for a while
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Special ReportNatural capital: New nature fund aims to halt loss of flora and fauna
Global Biodiversity Framework fund is targeting $200bn per year by 2030, but there is uncertainty about private sector participation
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Special Report
Natural capital: First nature benchmark shows the time to act is now
Investors can contribute to a nature-positive world now by understanding their portfolio company impacts on nature and prioritising action
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NewsThreefold rise in asset managers holding board responsible for ESG
Alongside NNIP and PGGM, the investors that took the biggest tumble down the rankings since 2020’s survey were State Street Global Advisors, PIMCO and Allianz Global Investors
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NewsThe Pensions Regulator launches ESG, climate campaign
TPR is warning trustees that enforcement action may be taken against them if they fail to publish their statement of investment principles
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NewsBrunel Pension Partnership unveils new climate change policy
The investment pool wanted an independent assessment of whether their climate change policy was delivering on its purpose
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Opinion PiecesViewpoint: Progress managing climate risk means stops as well as sprints
A climate stocktake may feel like a delay – in fact, it is crucial to making progress
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NewsThe fight over SFDR’s role as a sustainability label
‘In the absence of an EU-wide labelling regime for ESG funds, some managers have also used Articles 8 and 9 as proxy labels for communication purposes,’ ESMA says
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NewsPFZW sells another 78 oil and gas firms
The move is part of the Dutch healthcare scheme’s engagement programme with fossil fuel companies
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NewsAsset owners support ClientEarth lawsuit against Shell
European pension funds NEST, London CIV, AP3, Danica Pension and AP pension are some of the ones supporting the claim
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NewsESG roundup: Investors call for voting on ‘Say on Climate’
Plus: Pass-through voting technology give path to effective stewardship, says Tumelo
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NewsPension schemes still confused on TCFD compliance, report shows
Challenges persist around unreliable or limited data, credibility of carbon offsets and inconsistent metrics between asset classes
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NewsNZAOA, BTPS, Church of England back climate performance tool
‘There is no rating or ranking or investment advice, just free, comparable data points for investors to use as they wish,’ says Barron
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NewsIlmarinen switches €17bn listed equities to new climate action benchmark
Finnish pensions insurer has started using the MSCI Climate Action index, which it helped develop
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NewsISSB grants concession on GHG emission reporting, FRC updates on ESG priorities
Information gathering challenges could also be relevant to other sustainability topics beyond GHG as the board develops its standards in the future
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NewsNet-Zero Asset Owner Alliance updates target setting protocol
The protocol formulates the methodology for direct private equity investments and requires members to set targets in 2023 and cover all new private equity assets by 2025
