US president Joe Biden has used his first presidential veto to reject a bill passed in the Senate that would block the Department of Labor (DOL)’s ESG rule for retirement plans. Reuters reported that in a video posted on Monday to Twitter, Biden said: “I just signed this veto because the legislation passed by the … Read more
World Water Day is an annual United Nations observance day held on 22 March that highlights the importance of fresh water. The day is used to advocate for the sustainability management of freshwater resources. The Regnan Sustainable Water and Waste Fund invests throughout the water supply chain and increases the access people have to freshwater, … Read more
Asset managers claim to have voting policies on ESG issues, but more than a third of them do not provide specific voting commitments, according to a report from ShareAction’s Point of No Returns series. Among the 77 asset managers interviewed worldwide, 14 firms did not disclose any climate-related voting commitments while a further 13 have … Read more
The circular revolution is here even if current headlines do not seem to reflect this, yet. It’s true that less than 10% of the world’s resources are properly circular with nearly every industry deficient when it comes to circular practices. According to analysis from Berenberg, 71% of plastics are mismanaged and landfilled globally, while 30% … Read more
ShareAction is releasing a toolkit in June to help companies report their ethnicity pay gap. In July last year, the NGO embarked on a campaign calling on companies – starting with financial services companies – to begin making disclosures, or to improve the standard of reporting for those already doing so, following a CIPD report … Read more
Caroline Jarvis Gee has joined Evelyn Partners as head of charity business development. Gee has more than 20 years’ experience working with charities and was most recently at EdenTree as charity business development manager and prior to that held roles at James Hambro and Partners and Investec. She is also a member of the board … Read more
The impact of climate change is happening “faster than we thought previously” and finance for both adaptation and mitigation is falling short, according to the latest report from the Intergovernmental Panel on Climate Change (IPCC). However, it also highlighted many solutions are already available. Today’s synthesis of the IPCC Sixth Assessment Report summarised the state … Read more
ESG benchmarks have the “potential for widespread failings”, the Financial Conduct Authority (FCA) has said in a letter to administrator CEOs. Since its letter to benchmark administrators last year, the UK regulator has been conducting a preliminary review on ESG benchmarks, assessing the quality of disclosures offered by a sample of them. It has found … Read more
The impact of climate change is happening “faster than we thought previously” and finance for both adaptation and mitigation is falling short, according to the latest report from the Intergovernmental Panel on Climate Change (IPCC). However, it also highlighted many solutions are already available. Today’s synthesis of the IPCC Sixth Assessment Report summarised the state … Read more
Amanda Sillars, fund manager and ESG director, Jupiter As fund buyers on behalf of investors within the £7bn Jupiter Merlin range of multi-asset portfolios, we believe the likely performance of ESG in a recession will depend largely on the wider interpretation of what ‘ESG’ really means. Funds that exclude entire sectors on ESG grounds – … Read more