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Set up as an 18-month project at COP21, the Task Force on Climate-related Financial Disclosures (TCFD) hung up its hat last month after eight years with the announcement that the IFRS Foundation would be taking over the monitoring of company progress on climate disclosures. Joining the ESG Out Loud podcast to reflect on the evolution … Read more
In this summer series for ESG Clarity, members of the sustainable investment industry tell us how their thinking on this fast-moving industry has adapted over the years and what changes that has led to. Here Kristina Church describes the evolution of thinking that led to including carbon emissions in the automotive sector’s valuation and why we must … Read more
A majority of global investment funds are not aligned with the goals of the Paris Agreement, with only a small percentage (1.5%) aligned with a 1.5ºC scenario, according to research from sustainability technology platform Clarity AI. When weighted for asset allocation, Clarity AI’s analysis shows that less than 1,000 funds (1.3% of the total assets … Read more
Private sector investor participation in managed phase-out (MPO) projects is essential for scaling up early coal retirements in the Asia-Pacifc region, according to analysts at Sustainable Fitch, but asset managers remain wary. Many asset managers and financial institutions are concerned about investing in MPO projects because of the implications for increasing their financed emissions, reputational risks and accusations of greenwashing, according to the analysts. In Sustainable Fitch’s view, coal phase-out frameworks … Read more
Asset managers need to implement specific engagement and investment strategies to stem the rapid deterioration in the biodiversity system and therefore curb its knock-on effect on the wider planet, society and global economy, according to Chris Iggo, chair of the AXA Investment Managers (Axa IM) Investment Institute and chief investment officer of AXA IM Core. … Read more
KKR, a global investment firm, has hired a co-head for the firm’s global climate strategy, rounding out a refreshed leadership team focused on climate-related investments as part of KKR’s infrastructure platform. Charlie Gailliot (pictured), who is based in New York, joins global climate co-head Emmanuel Lagarrigue, also based in New York, and Neil Arora, who … Read more
Executive pay polarises opinion. In the face of the climate emergency, however, we have an opportunity to unite behind a simple proposition. Executives should be rewarded for creating value in a way that is aligned with a stable climate. This requires a fundamental reset in pay. It isn’t hard to see why we need to … Read more
JP Morgan has launched a duo of actively-managed Article 9 equity ETFs. Both the JP Morgan Global Research Enhanced Index Equity SRI Paris Aligned Ucits ETF (JSEG) and US Research Enhanced Index Equity SRI Paris Aligned Ucits ETF (JSEU) will sit within the $7bn (£5.5bn) Research Enhanced Index platform. Managed by Piera Elisa Grassi, Sebastian … Read more
The lack of a framework for reporting on biodiversity remains a key challenge for both companies and investors. The methodology around measuring carbon emissions has come a long way in recent years with Scope 1, 2 and 3 data, but there is no equivalent for biodiversity. Natural capital accounting is still a developing discipline and … Read more
In this summer series for ESG Clarity, members of the sustainable investment industry tell us how their thinking on this fast-moving industry has adapted over the years and what changes that has led to. Here, Rebecca Kowalski questions whether sustainable finance makes enough difference, admires pension divestment campaigners and discusses ditching the car for Dutch bikes. What … Read more