Letter

UK-based asset owners have warned that the Task Force on Climate-related Financial Disclosures (TCFD) portfolio alignment proposals could undermine efforts to transition to a low carbon economy.

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SEC reviewing decade-old climate disclosure rules

The UK’s pensions watchdog has launched an eight-week consultation to assist trustees in meeting stricter sustainability and governance measures.

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overload

This week, Minerva CEO Sarah Wilson spoke to Mallowstreet editor Sandra Wolf for a feature on the growing reporting burden facing UK pension schemes.

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green data concept image

Trustees face enforcement action if they fail to comply The Pensions Regulator (TPR) has warned trustees to act to meet new climate change regulations and warned it could take enforcement action against funds that failed to comply with their obligations. The TPR issued its warning alongside its new Climate Change Strategy aimed at driving the […]

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Royal Assent locks in ESG duties for pension funds

Royal Assent locks in ESG duties for pension funds The act furthers the government’s green agenda by supporting progress towards net zero The Pension Schemes Bill has received Royal Assent, creating new laws covering areas including defined benefit scheme protections, pensions dashboards and climate change. Pension schemes will now be required to take account of […]

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Minerva launches pooled fund split voting service: ‘VotePlus’

AMX and DWS adopt Minerva’s split voting technology ‘VotePlus’ in upcoming launch New solution rapidly accelerates sustainable stewardship Minerva Analytics, Europe’s leading independent proxy voting agency, has embedded its VoteTech in a new, ground-breaking solution designed to help investors better meet their stewardship commitments. The Asset Management Exchange (AMX), part of the Willis Towers Watson […]

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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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