Top UK pension sets “net-zero” target The UK’s largest defined contribution pension scheme has set a goal of becoming net-zero on its carbon emissions by 2050 to avoid members retiring into a “world devastated by climate change”. Nest, the multiemployer scheme with more than 9 million members, has also committed to invest £5.5bn in climate […]

Read More
US regulators seek to untangle ESG duty as UK pushes ahead

Pension fund investors in the United States may need to prove allocations made under their environmental, social and governance policies are primarily aiming for a financial return should proposed new rules be enacted. At the end of June, the Department of Labor (DoL) announced it was recommending the enactment of a rule that would provide […]

Read More
Carney: Data interpretation key to zero carbon transition

Carney: Data interpretation key to zero carbon transition Investors must learn how to interpret, and apply, the increasing volume of ESG data if they are to formulate successful strategies to tackle climate change, according to the former Bank of England governor Mark Carney. Addressing members of the Personal Investment Management and Financial Advice (PIMFA) trade […]

Read More
Australian energy giant rocked by shareholder rebellion

Santos, one of the largest oil and gas producers in Australia, has suffered a huge revolt by shareholders over its strategy on climate change. At last week’s annual investor meeting, over 43% of Santos shareholders defied the board and backed a resolution to set harder emission targets. The resolution was tabled by an ethical investment […]

Read More
Accountants bodies, signed urgent call to agree standards on climate change.

Accountants commit to improve corporate climate disclosure A group of prominent accounting bodies, representing over 2.5 million accountants globally, have signed an “urgent” call to action pushing the profession to agree standards on climate change. The 14 bodies and 13 chief executives, who are all members of the Prince of Wales’s Accounting for Sustainability Project […]

Read More
ESGvolution

Whilst asset owners’ approach to ESG has been slowly shaped by regulatory and best practice influences over time, we have now reached the point that inaction on the topic is no longer possible, according to Sarah Wilson, Minerva’s Chief Executive.  At Minerva’s recent ESG Educational Event in London, Sarah addressed the topic of ‘ESGvolution’, looking […]

Read More
ESG-aligned remuneration

Asset owners must drive the fundamental changes needed to fight climate change in the next five to 10 years before time runs out, a $4 trillion investor alliance has warned. The warning, made at the World Economic Forum event in Davos, comes from the UN-convened Net-Zero Asset Owner Alliance. The organisation’s members pledged to ensure […]

Read More
BlackRock step up on climate change

One of the biggest shareholders in the oil and gas industries has stepped up its efforts on environmental issues, with its chief executive calling on companies to do more to combat climate change.   Last week, BlackRock, the world’s largest asset manager, joined influential climate change investor group, Climate Action 100+. The organisation, which represents […]

Read More
Sustainable investment ESG

Significant challenges exist for asset stewards in terms of assessing whether pertinent ESG factors have been identified and integrated into the investment process of their asset managers, according to Niall O’Shea from Discern Sustainability. At Minerva’s recent ESG Educational Event in London, Niall explored the topic of the growth of ESG and Climate Change factor […]

Read More
U.S. Chamber of Commerce CEO Thomas Donohue

The CEO of business lobbying giant, the US Chamber of Commerce, has delivered a surprise speech calling for bipartisan action on a number of issues – including climate change. In a clear departure from its traditional pro-Republican stance, the Chamber’s CEO Tom Donahue urged all political sides to come together to push through 35 bipartisan […]

Read More