UK government urges private finance firms to make net zero pledge
Finance is a central theme in the race to net zero
The UK government is calling on privately owned financial institutions to commit to a net-zero carbon future.
Speaking …
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Audit watchdog: UK companies must report climate disclosures
FRC to push companies to speed up on the race to net zero
Companies are being urged to improve their reporting on climate change to meet the increased expectations of investors.
On …
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China and Russia join push on climate change action
International momentum is building around the race to net zero
The impact of climate change seems to be resonating with the leaders of Russia and China who have committed to significant …
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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
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
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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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
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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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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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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