Sustainability – Page 18
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Features
Tackling the sustainability conundrum
With climate change and the loss of biodiversity seen as potential existential risks for humanity, it has become imperative to create and implement a sustainable form of capitalism
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News
Publica to reinforce knowledge on biodiversity to better assess portfolio risks
The fund has also invested CHF454m in green bonds and financed renewable energies projects with CHF212m
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Special Report
Regulation: EIOPA takes stock of IORP II
Sustainability requirements in focus as EIOPA admits cross-border ‘failure’
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Special Report
Regulation: IPE’s guide to pensions regulation in six key European countries
IPE’s guide to pensions regulation in six key European countries. Gail Moss reports
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Special Report
Regulation: EC continues sustainable investment regulation drive
The state of play for EU sustainable finance regulation
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Interviews
PZU TFI: Building the future of Polish pensions
Marcin Żółtek (pictured), CEO of PZU TFI, one of Poland’s largest managers of DC pension savings, tells Jakub Janas and Carlo Svaluto Moreolo about the firm’s role in the Polish pension system
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Special Report
Briefing – Regulation
In Frankfurt, EIOPA has responded to the European Commission’s call for technical advice in its stocktake on IORP II, the European framework for occupational pensions. EIOPA proposes widening the scope of IORP II in a pivot away from cross-border pensions and towards sustainability. A consultation process is open until 25 May.
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Interviews
Nikko Asset Management: Complex, creative thinking
Stefanie Drews is at home with complexity. She speaks several languages fluently, including Japanese, and tells us she still does her maths in Italian.
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News
PRI to respond to growing ESG divergence by creating ‘menu’ of pathways for members
Some of the pathways could be based around investment objectives, while others might focus on strategies, asset classes or thematic topics
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News
Private debt managers seek to tackle climate change – IPE research
The vast majority of private lenders include ESG T&Cs in financing agreements, with a quarter including net-zero targets
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News
Wave of sustainability downgrades affects pension funds too
If an asset manager has downgraded a lot of funds from Article 9 to Article 8 under the SFDR, this could be an indication of greenwashing
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News
ISO launches sustainable finance standard
The British Standards Institute (BSI) – developing the new guidance – has committed to embed climate science into every new or revised standard it creates
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News
UK competition authority says fossil boycotts don’t contravene rules
The guidance outlines the kind of green agreements that are acceptable under current competition law
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Asset Class Reports
Portfolio strategy – Private debt
The rise in interest rates and inflation throughout 2022 brought traditional fixed-income assets back into focus for investors. The threat of a recession, the pressure on investors to maintain liquidity in portfolios and the ‘denominator effect’, which sees investors over-allocated to unlisted assets after a torrid 2022 for listed equities and bonds, are all facts that would suggest that private debt markets will suffer. However, investors are still backing experienced private debt managers and allocations to the asset class are forecast to grow further in the medium term.
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Asset Class Reports
Private debt: Sustainable lending set for comeback
Issuance of sustainability-linked paper took a hit in 2022, but managers are now introducing ESG KPIs to incentivise borrowers
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Special Report
Natural capital: KLP hopes for a nature-positive economy
The asset manager’s head of responsible investments speaks to Sophie Robinson-Tillett about her optimism that the COP15 agreement will lead to regulatory change
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Special Report
Special 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 Report
Natural 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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News
BVI slams ESMA’s draft guidelines on ESG, sustainability labels
EFAMA highlights concerns about proposed numerical threshold approach