Climate change – Page 29
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NewsUK roundup: DC market concentration continues
Number of occupational pension schemes has declined by nearly 40% in a decade, regulator’s figures show
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AkademikerPension blacklists over 200 utility companies using coal
Danish pension fund excludes firms in which 25% of energy comes from coal, selling off €83.3m of assets
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USS shifts £5bn of DB, DC equity to climate transition benchmark
Adoption of EU standard-meeting benchmark means portfolio emissions will initially be at least 30% lower
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Border to Coast pushes for positive change as it reviews policies
The revised policies clarify and strengthen the pool’s voting position on issues such as climate change and diversity
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Sampension to shift climate engagement towards real target-setting
Danish pension fund concludes long-running dialogues with two companies, resulting in ‘noticeable climate progress’
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Opinion PiecesNotes from the Netherlands: It’s the implementation, stupid
The Dutch pensions regulator, DNB, praised pension funds in a recent report for having better structures in place to manage their exposure to climate risk than banks and insurance firms. But as always, the devil is in the detail.
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FeaturesLong term matters: ISSB, please don’t choose to play small
The International Sustainability Standards Board (ISSB) is a major development. ISSB has rightly made climate risk its initial priority but now has an important choice to make. Will it help investors address climate-related systemic risk or will it continue with ‘business as usual’, enabling investors to play small?
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NewsSwiss cabinet consults on CO2 Act after botched referendum
The revised CO2 Act serves to halve greenhouse gas emissions by 2030 compared with the level in 1990
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Norway’s SWF backs aim of long-term net-zero goal
NBIM reveals in talks with Climate Action 100+ on signing up
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NewsNEST sets 2025 climate target as UBS quits Exxon and four others
Quintet excluded after three-year engagement programme
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NewsEx-head of Danone appointed to lead IFRS sustainability board
Appointment announced as new body gears up for first public consultation on sustainability reporting standards
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Delivery of sustainable finance taxonomy advice delayed
For an ‘environmental transition taxonomy’, the EC asked its advisory body to consider additional questions
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APG’s Kruse, BlackRock’s Boss among new IIGCC board members
Two new members were co-opted, four were elected to the board
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Worcestershire scheme backs Gresham forestry carbon credits strategy [updated]
Investors receive distributions in the form of verified carbon credits
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NewsFirst EU climate taxonomy rules cleared for January live date
Delegated act published in Official Journal after EU Council’s review period ends without objection
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Danish pension funds cheer news of first domestic state green bond
IPD positive on central bank using Germany’s tried-and-tested twin-bond model
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AP7 adds Chinese coal stocks to blacklist as Paris criteria bite
Swedish national pension fund ditches SEK284m of stock; says coal firms are “using our capex in entirely the wrong direction”
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IPE Conference: AP4, AXA IM lament carbon pricing absence
AXA economist regrets US political inability to bring in “bonus/malus system” for power generation firms
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NewsESG roundup: ERAFP, KLP, PensionDanmark in biodiversity pledge
Plus: LGPS funds add to net-zero trend; Periphery ‘trailblazing’ in wind and solar; AMX creates tax transparent CCF for Storebrand
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Opinion PiecesViewpoint: EU must not become climate laggard over taxonomy
Andreas Hoepner criticises a proposal to raise the taxonomy-admissibility threshold for natural gas to 270gms CO2 e/kWh
