February 2022
16Feb

Dutch pension fund PFZW to end investment in some fossil fuel companies

PFZW, the Dutch health care workers' pension fund, on Wednesday said it would disinvest from any fossil fuel company by 2024 that doesn't have a "convincing and verifiable" strategy to reach the goals laid out in the Paris Climate Change agreement. The decision by PFZW, with 278 billion euros ($316 billion) in assets, follows similar moves by other asset managers to overhaul the way they invest as part of a global efforts to reach net-zero carbon emissions by 2050. Some have...

February 16, 2022
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15Feb

Canada’s largest pension fund CPPIB takes engagement approach to net-zero

The Canada Pension Plan Investment Board, better known as CPP Investments or CPPIB, announced net-zero greenhouse gas (GHG) emission goals by 2050 through a decarbonisation approach focused on influencing transition within high-emitting sectors as opposed to divestment. Read also US. Pension plans increasing their focus on allocating to diverse asset managers The plan also includes increasing its investments into green and transition assets from $67 billion to $130 billion by 2030 and a carbon neutrality goal by the end of the...

February 15, 2022
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15Feb

How will the EU’s SFDR sustainability rules work?

Europe’s action plan on sustainable finance will accelerate the mobilisation of green finance and reinforce EU leadership in this area by being an example for regulators across the world that are looking at a standardised approach. Despite the challenges, the goal is to build a greener, more sustainable future, but it cannot be done without the weight of financial market participants being fully committed. Today, country and corporate carbon reduction plans are still far short of the 1.5C target under the...

February 15, 2022
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08Feb

ESG Vs. Impact Investing–Understanding Their Different Goals

The movement of investment capital into funds that seek to effect positive change has been substantial in recent years. Environmental, social and governance (ESG) assets rose to more than $35 trillion in 2020 to account for more than one-third of total global assets under management, according to the Global Sustainable Investment Alliance. This figure is expected to rise above $50 trillion by 2025. Despite this rapid growth, there remains deep skepticism about the effectiveness of the ESG framework. Some of...

February 8, 2022
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07Feb

Danish pension fund ditches Wizz Air over labour rights

Danish pension fund AkademikerPension said on Monday it was selling its stake in budget airline Wizz Air (WIZZ.L) over alleged "human and labour rights abuses" towards its workers. The $23 billion fund was one of 14 investors that called on Wizz in December to allow employees to form and join trade unions, saying their research suggested it was discouraging the practice in breach of staff rights. AkademikerPension said on Monday that, after meeting management, it saw no sign the airline's practices...

February 7, 2022
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PRINCIPIOS PARA LA INVERSIÓN RESPONSABLE
02Feb

Principios Para La Inversión Responsable

Por: PRI Creemos que un sistema financiero global económicamente eficiente y sostenible es una necesidad para la creación de valor a largo plazo. Este sistema recompensará la inversión responsable a largo plazo y beneficiará tanto al medio ambiente como a la sociedad en conjunto. El PRI trabajará en pro de lograr establecer este sistema financiero global y sostenible incentivando la adopción de los Principios y la colaboración para su aplicación, promoviendo el buen gobierno corporativo, la integridad y la rendición de...

February 2, 2022
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01Feb

UK. 21 million savers tempted by green pension options amid increasing awareness

Awareness of the link between pensions and climate change has grown by around 85 per cent in the past year, analysis from Make My Money Matter (MMMM) has revealed, with an increasing number of savers tempted by green pension options as a result. Research from the group revealed that 51 per cent of savers, representing around 21 million individuals, would choose a green pension if offered one by their provider, up from 44 per cent in 2021, a "substantial" increase...

February 1, 2022
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January 2022
27Jan

UK. Can the FCA tackle greenwashing?

For those who care about environmental, social and governance considerations, watching the glacial progress towards standardised ESG disclosures has been frustrating. There are more working groups, task forces, frameworks and roadmaps than you could shake a stick at (I have never tried shaking a stick at a working group, and it would probably get me fired, but you get the idea). Dare I suggest that we might even spare some sympathy for the Financial Conduct Authority, which has the job of...

January 27, 2022
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25Jan

Aviva Investors CEO warns directors over sustainability targets

The chief executive of Aviva Investors has warned it will take action against company directors if they do not meet its expectations on sustainability improvements. In a letter sent to 1,500 companies in which Aviva Investors is invested, Mark Versey said the fund house will focus on their performances against four themes: biodiversity, human rights, climate and executive pay. He said the company would hold both boards and individual directors accountable at companies "where the pace of change on climate, biodiversity...

January 25, 2022
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21Jan

The Effects of Credible Voluntary Disclosures: Institutional Investor Engagement and Investees’ ESG Performances

By Massimiliano Bonacchi, April Klein, Sara Longo & Giovanni Strampelli We study the effectiveness of institutional investor engagement on the ESG performance of a sample of UK firms listed in the FTSE 350 Index. To measure the quality of engagement, we exploit the introduction of the tiering classification system by the Financial Reporting Council (FRC) in 2016 for signatories’ reporting under the UK Stewardship Code. Using an entropy matched difference-in-differences research design, we show that the introduction of the tiering...

January 21, 2022
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