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Impax Asset Management has appointed Manish Bishnoi as co-portfolio manager of its Asia strategies, joining fellow manager Oscar Yang. Based in Hong Kong, Bishnoi will work with Yang on London-based Impax’s Asian Environmental and Asian Opportunities funds from October 2023. He succeeds Kirsteen Morrison, who has been interim portfolio manager on both strategies since former … Read more
The Financial Conduct Authority (FCA) has instructed its Vote Reporting Group to consult on building an industry consensus on a voluntary vote-reporting for asset managers in the UK. The group is proposing a “voluntary, standardised and comprehensive vote-reporting template” for asset managers to communicate about their voting activity to asset owner clients. See also:- What … Read more
On June 20, the Commodity Futures Trading Commission’s (CFTC) Whistleblower Office issued an alert that individuals can become eligible for financial awards and certain protections by “blowing the whistle” and identifying potential fraud or market manipulation in the carbon markets. Although carbon offsets are expected to continue to play an important role in the energy … Read more
Toyota chairman Akio Toyoda survived an attempt from a number of investors to block his re-election due to concerns about governance, albeit with a much lower approval rating than in recent years. The two largest US public pension funds – CalPERS and CalSTRS – as well as several other asset managers voted against Toyoda’s re-election … Read more
The impacts of climate change – and the need for adaptation and resilience – will take centre stage at COP28 in Dubai this year. The world received a clear warning from scientists when the Intergovernmental Panel on Climate Change (IPCC) released its final AR6 ‘synthesis’ report, which is the most comprehensive summary of the state … Read more
Citi has announced the launch of a new sustainable time deposit solution in India, designed to provide a means for institutional investors to use their excess cash towards sustainable ends. Citi already launched the same product in Hong Kong and Singapore in August last year, meaning that India is now the third market in the … Read more
The UK and France have together launched a biodiversity credits roadmap to support companies’ contribution to nature recovery. Thérèse Coffey, the British environment secretary, and French state minister Bérangère Couillard announced the agreement on 22 June. The aim of the global roadmap is to support global cooperation to provide positive outcomes for people and the … Read more
Companies have made the mistake of considering ESG as an investment risk metric at the fund level rather than at the company level, according to Suresh Mistry, head of sustainability at Alquity, in the third panel session at Responsible Pathway. See above video with key takeaways from guests at the event Held on 6-8 June … Read more
There is an old Chinese proverb that says the best time to plant a tree was 20 years ago. The second best time is now. Or, as Warren Buffett would say, “someone’s sitting in the shade today because someone planted a tree a long time ago”. Long termism and being willing to weather the storms … Read more
US states such as Texas, Florida and New York now have a higher degree of exposure to forced labor risk than Pakistan, India, Thailand and Indonesia, according to a new report. The Supply Chain ESG Risk Ratings report has found Western sourcing markets have shifted away from their lower risk classification, with forced labor identified … Read more