All articles by Susanna Rust – Page 62
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NewsStrathclyde pension fund gains 5.9%, Lothian rejigs allocation categories
Two largest Scottish local authority pension funds report on performance in the year to the end of March
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NewsUK to explore mandatory climate reporting for pension funds, companies
Government green finance strategy welcomed, but investors emphasise it must only be seen as a first step
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UK pension fund figures sign climate impact pledge
Signatories pledge to push asset managers to engage with investee companies about their impact on climate and plans to transition to a low-carbon future
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EC sustainable finance approach ‘could expose EU to legal risk’
Think tank argues that a confused understanding of sustainable investment ‘spoils’ the Commission’s package of measures to engage finance in the fight against climate change
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France’s Agirc-Arrco cuts deficit, adopts SRI charter
The reported deficit in the newly merged schemes fell from €2.9bn to €1.6bn ahead of a targeted return to financial equilibrium in 2020
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New fund category to boost Swiss marketplace moves a step closer
The Swiss government has launched a consultation on legislative changes that would allow certain funds to be offered without prior authorisation
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FeaturesESG: Greenwashing under scrutiny
The term ‘greenwashing’ was reportedly coined by US environmentalist Jay Westerveld in 1986 in an essay about hotels’ practice of putting up notices in hotel rooms to encourage guests to reuse towels. He accused them of making false claims about being environmentally responsible since they only adopted such practices when they reduced costs.
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FeaturesEC’s expert group releases landmark climate taxonomy
The European Commission’s expert group on sustainable finance last month published its long-awaited final recommendations for a taxonomy of environmentally sustainable activities, which is at the heart of the EU executive’s plan to harness the finance sector for its fight against climate change.
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NewsSwiss cabinet to form sustainable finance working group
Assessments by inter-departmental working group to inform decisions about potential financial market regulation
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NewsSchroders flags tipping point for action on climate change
Cost-benefit equation seen as increasingly in favour of policy action to support move away from fossil fuels
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ESMA consults on short-termism in financial markets
Answers to questionnaire will inform watchdog’s report to the European Commission and feed into sustainable finance work
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Swiss pension vehicles secure greater investment flexibility
New rules coming into effect in August will expand investment foundations’ opportunities, including higher equity allocations and access to alternative assets
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€28bn nuclear decommissioning fund adopts new MSCI climate indices
Energy giant EDF says it believes in ‘enabling transition to a low carbon economy’ and plans to allocate to assets benchmarked to MSCI’s third range of climate-related indices
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Italian, UK institutional investors back private debt funds
Italian banking sector pension fund and others join European Investment Fund in backing Anthilia BIT III; Merseyside LGPS fund invests £30m with Funding Circle
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NewsLGIM sees results from ‘engagement with consequences’ over climate
UK’s largest asset manager reports improvements at companies in sectors that are pivotal to low carbon transition, but has axed companies including ExxonMobil and MetLife
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Expert group releases climate taxonomy proposal
EC publishes guidelines for corporate reporting of climate-related information alongside three expert group reports on big day for the Commission’s sustainable finance plan
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ESG roundup: Alphabet ‘should lead on responsible use of AI’, says Hermes
Also: Investors back carbon pricing accord at Vatican summit; CDP leads calls for better environmental reporting at 700 companies
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Few cross-border funds meet new German performance fee criteria
Fitz Partners finds that only 13% of UCITS funds would meet tighter performance fee structure conditions effective from December
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UK’s NEST quits smoking in two-year tobacco divestment project
The country’s largest auto-enrolment provider says the tobacco industry does not appear viable in the long term, and it will exit £40m of investments
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Investors urge support for Swiss human rights due diligence law
Legislation drafted in response to NGO campaign will be debated in the lower house of Switzerland’s parliament this week
