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Federated Hermes, Impax and abrdn are among 20 financial institutions to have joined the UK Financial Institutions for Nature group, which aims to invest in the UK’s nature recovery. The group, which was launched today by the Green Finance Institute’s (GFI) nature programme, is open to any financial institution engaged in UK nature finance and … Read more
We are way past the need to open up our eyes to the future reality we are heading towards. Despite the IPCC Climate Change Report warning us that there’s “no credible pathway to 1.5oC in place”, and the latest data indicating that the world is on track for a temperature rise of between 2.4oC and 2.6oC … Read more
Investment firms are among businesses, NGOs and scientists that have welcomed the European Parliament’s passing of the Nature Restoration Law yesterday. The law, which will be going ahead with some amendments, will enshrine some of the global biodiversity targets agreed at COP15 last year with the aim to restore 20% of the EU’s land and … Read more
Former chief economist at Lloyds Bank Trevor Williams joins ESG Clarity in the podcast studio following his speech at our Responsible Pathway conference in June. We chat about that Economist article, Williams’ view on nascent technologies (“carbon capture is a cop-out”); what the UK government should be focusing on when it comes to decarbonisation and … Read more
Forward-looking data and continued international cooperation are two of the key areas for focus in the coming months, according to the Financial Stability Board’s (FSB) latest roadmap. The annual FSB Roadmap for Addressing Climate-Related Financial Risks provides progress updates and areas for focus. It will be delivered to G20 finance ministers and central bank governors … Read more
The proportion of private equity managers assessing and measuring climate-related risks has risen by 12 percentage points to 55% over the last year, according to LGT Capital Partners. The firm’s annual ESG Report analyzes the activities of 381 managers (including 309 private equity managers) globally, to assess improvements to ESG practices. The report revealed that … Read more
The IFRS Foundation, which oversees the International Sustainability Standards Board (ISSB), will take over the monitoring of companies’ progress on climate-related disclosures from the Task Force on Climate-related Financial Disclosures (TCFD). At a Financial Stability Board (FSB) plenary meeting in Frankfurt last week, the FSB said: “Following the delivery of the TCFD’s 2023 annual status … Read more
BEA Union Investment Management has reclassified its Asia bond fund as an impact fund for Hong Kong retail investors. The BU Asia Impact Bond Fund, which was previously the BU APAC Bond Fund, invests at least 70% of its portfolio in green, social and sustainability bonds in Asia or ones denominated in Asia currencies. BEA … Read more
State Street has announced the hire of Jessica Donohue, its current executive vice president, as head of global investment insights, sustainability and impact. Reporting to Lou Maiuri, president, chief operating officer and head of investment services, Donohue will oversee sustainability efforts with a focus on delivering insights to the company’s clients and the industry. See … Read more
In recent years, AGMs have lost their sense of purpose, with annual reports published online, and shareholders no longer required to be physically present to vote on important resolutions. However, for some investors AGMs have become firmly established as a platform to bring key sustainable issues to the attention of boards and the public. Over … Read more