BlackRock step up on climate change

A group of investors are urging industry giants BlackRock and JPMorgan to review their proxy voting records amid concerns they don’t match the firms’ public declarations about climate change.

Mercy Investment Services and Boston Trust Walden have written to BlackRock …

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Data, Sustainability risks internal audit

Lack of data hindering investor ESG take up

Investors have cited a lack of reliable data as their top obstacle to ESG adoption, a major survey reveals.

The survey, which comprised responses from 300 institutional investors globally, including private …

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CII backs Nasdaq’s proposal to improve diversity on boards

US pensions demand change on energy boards

One of America’s biggest pension fund groups has submitted shareholder proposals to three leading utility companies urging them to appoint an independent director as chairman.

New York City Retirement Systems, which comprises …

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stewardship code, ESG, Sustainability

Stewardship moves beyond box ticking

The Financial Reporting Council (FRC) has published a new UK Stewardship Code which is due to come into effect on 1 January 2020.

The revised Code has set a higher standard for how money is …

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FCA

The UK’s financial regulator has published its long-awaited proposals to tackle inadequate climate change disclosures by firms.

The Financial Conduct Authority’s (FCA) proposals follow feedback from stakeholders to its October 2018 discussion paper on climate change and green finance.

Its …

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ESGvolution, Environment, Nature, Nature-related

Environmental groups take aim at US corporates

Eleven of the world’s leading environmental groups have written an impassioned open letter imploring America’s big corporates to step up their climate change efforts.

The letter, published in the New York Times, urged …

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London, UK

Investors need courage of their ESG convictions

Asset owners must have the courage of their convictions to push forward with ESG policies – particularly when relevant data is hard to come by.

That was one of the overarching messages from …

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Michael Meehan appointed as the new chair of the UKSIF

UKSIF names Meehan as chair

Michael Meehan has been appointed as the new chair of the UK Sustainable Investment and Finance Association (UKSIF).

He replaces Lesley Alexander, former CEO of HSBC’s UK pension fund, who has served five years in …

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Investors US climate

Investors turn up the heat on US climate laggards

200 of the world’s leading investors have written to major US corporations urging them to align their climate lobbying with the goals of the Paris Agreement.

The joint letters, sent …

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Environmental factors top list of investor priorities

Environmental factors top list of investor priorities

Environmental and corporate governance issues topped the list of biggest priorities for the UK’s largest investors – but stewardship engagement remains an area of concern, a report reveals.

EY’s inaugural report into investor …

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