UK government sets out sustainability standards for investment managers

The UK government has issued a new set of sustainable finance standards for investment managers.

The new voluntary UK standard, PAS 7341:2020, sets out the requirements to establish, implement and manage the process of integrating responsible and sustainable considerations …

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Speed needed on financial impact of climate change disclosure

Speed needed on financial impact of climate change disclosure

Asset owners and their managers need to encourage more companies to disclose the financial impact of climate change on their businesses using an internationally recognised code, according to a new report.

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Convergence of ESG and non-ESG funds beckons

Convergence of ESG and non-ESG funds beckons

The overwhelming majority (99%) of European institutional investors expect a convergence between ESG and non-ESG products by 2022 – and 77% of them plan to stop purchasing non-ESG products in the same year.

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Norwegian SWF gets active in activism

ESG changes to Norway fund could lead to €910m sell off

Changes to the ethical guidelines of Norway’s $1.15tn Government Pension Fund Global (GPFG) could lead to assets worth NOK 10bn (€910m) being sold off, with engagement being offered as

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Concern mounts over ESAs’ ESG product disclosures

Concern mounts over ESAs’ ESG product disclosures

PensionsEurope has voiced concerns over the European Supervisory Authorities’ (ESAs) attempt to create templates for ESG products.

The lobby group, which represents national associations of pension funds, said the product templates are too …

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emissions

Top asset owners favour engagement for net-zero carbon goals

Some of the world’s biggest asset owners have rejected divestment to achieve climate goals and are instead favouring direct action and engagement.

Members of the UN-backed Net-Zero Asset Owner Alliance, including …

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DWP launches pension scheme voting task force

Government signals drive to boost ESG options for pension funds

UK government pensions minister Guy Opperman has signalled plans to accelerate ESG action for pension funds ahead of the milestone COP26 conference in 2021.

“The government will be making announcements …

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EC corporate governance report draws criticism

EC corporate governance report draws criticism

The European Commission report on directors’ duties and sustainable corporate governance, published earlier this year, is drawing heavy criticism from law experts.

Writing on the Oxford Business Law blog, the European Company Law …

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Virtual AGMs get FRC green light, but questions remain

Virtual AGMs get FRC green light, but questions remain

Questions remain over how virtual AGMs can work for all investors, after a full season of shareholder and company meetings has been carried out online.

While some “excellent practices” seen over …

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Worcestershire Pension selects Minerva for ESG audit

Worcestershire Pension selects Minerva for ESG audit

Minerva Analytics has been chosen to carry out an ESG audit of the Worcestershire Pension Fund as it seeks to target the UN Sustainable Development Goals.

The committee is seeking to establish a …

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