HSBC shareholders urge bank to cut exposure to fossil fuels

Investors file resolution calling on bank to publish strategy and targets Some of Europe’s biggest pension funds and asset managers have filed a shareholder vote urging HSBC to cut its lending linked to fossil fuels. Fifteen institutional investors with a combined $2.4trn in assets under management, along with 117 individual shareholders, have filed a climate […]

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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 complicated for pension fund members and seem designed for classic investment products. The ESAs want […]

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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 on climate change considerations on the whole investment chain and you can expect more and […]

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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 baseline for all of its investment activities, which will help formulate and shape future strategic […]

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Netherland’s Blue Sky Group appoints Minerva Analytics as Proxy Voting Services partner

Netherland’s Blue Sky Group appoints Minerva Analytics as Proxy Voting Services partner Minerva Analytics has been appointed by Blue Sky Group (BSG), the independent pensions asset manager and administrator in the Netherlands, to provide Proxy Voting Services.  Following a competitive tendering process, Minerva Analytics has been appointed by the €23 billion Blue Sky Group to provide […]

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Regulators: Beware of climate risks in actuarial forecasts

Investors to fund firms: “No ESG, no money” A group of major pension funds has written a no-ifs-and-buts letter to asset managers and companies warning that firms who fail to consider the impact of ESG risks are no longer “attractive” for investments. The letter – signed by three big pensions funds including the California State […]

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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 […]

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London Climate Action

UK funds braced for tougher regulatory stance on climate UK pension funds and listed companies are to be handed a new list of reporting requirements, following publication of the UK government’s Green Finance Strategy at the start of July. The new report outlined “ambitious actions” which include the requirement for better quality disclosures for occupational […]

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MPs

The House of Commons’ Work and Pensions and Business, Energy and Industrial Strategy Committees have launched a  joint inquiry into the collapse of construction firm Carillion. The select committees said they would be investigating how a company that was signed off by KPMG as a going concern in Spring 2017 could crash into liquidation with a […]

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The Association of Member Nominated Trustees (AMNT) officially launched its new AGM voting toolkit this month (08-Dec-15). The 34 policy ‘Red Lines‘  (19 Governance, 10 Social and 5 Environmental) are designed to help pension trustees hold investee companies – and the fund managers who manage their investments in them – better to account when it […]

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