ESG factor identification, implementation and monitoring is now a fundamental part of setting pension scheme investment beliefs, according to investment consultants Redington. At Minerva’s ESG Educational Event held recently in London, Honor Fell, Head of Responsible Investment at Redington, spoke about how investment consultants can best help pension funds with their new ESG-related responsibilities. There have […]
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The Shareholder Rights Directive empowers investors with new rights for pan-European voting and better information to make informed stewardship decisions
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Minerva is an accredited supporter of TCFD providing fully-aligned custom voting guidance, research and data.
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How does ESG data impact stewardship? When it comes to reference data in the investment chain, global regulators understand that operational risk as a key contributor to systemic risk. Faulty reference data was identified as one of the major contributors to operational risk in financial institutions leading to catastrophic financial loss. Up to three quarters […]
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How should fund managers report to pension funds on their responsible investment (RI) activities? In an attempt to improve the quality of ESG and stewardship reporting, sixteen of UK’s largest pension funds, with a collective worth of £200bn, have published a report designed to increase accountability and transparency between asset managers and owners. The 2105 publication, Guide […]
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The UK’s Pensions Regulator, TPR, issued new investment guidance for defined benefit pension schemes at the end of March 2017. A number of changes have been made to the guidance based on stakeholder feedback. The TPR guidance now includes expanded duties on stewardship, sustainability, ESG and voting issues. The updated DB guidance follows the common principles […]
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AMNT Red Line Voting Monitor To help pension trustees meet their regulatory duties to monitor stewardship and ESG, the Association of Member Nominated Trustees (AMNT) published the Red Line Voting Policy The Red Lines Voting Policy addresses the most material Environmental, Social and Governance (ESG) factors across 34 individual policy statements or ‘Red Lines’ (19 Governance, 10 […]
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The Organisation for Economic Co-operation and Development is responsible for the principles which set guidance for governments and global corporations. The G20/OECD Principles for Corporate Governance, usually referred to simply as “the OECD Guidelines” and the OECD Guidelines for Multinational Enterprises, also known as “Guidelines for MNEs”. The guidelines are comprehensive set of government-backed recommendations on […]
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The UK’s Pensions Regulator’s code of practice for defined contribution (DC) pension schemes, (“DC Code”) which sets out the standards that pension trustees need to meet to comply with legislation, came into force come into force on 28 July 2016. In addition to the Code, The Pensions Regulator (TPR) introduced guidance on considering ESG factors […]
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During 2017/2018 the UK’s Local Government Pension Scheme (LGPS) system will be transformed and have new requirements to address ESG and Stewardship activities. The new investment regulations empower LGPS administering authorities in making their investment decisions under a new prudential framework expecting them to be responsible, for instance, in setting their policy on asset allocation, risk […]
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