France moves closer to requiring 'say on climate' transition plans
Companies listed in France would be required to give investors a 'say on climate' transition plans and their implementation, under plans set to be discussed in Parliament this month.
French financial firms must draw on coal lessons for fossil fuel policies, say regulators
French regulators have encouraged financial firms to draw lessons from their thermal coal policies for other fossil fuel sectors in order to align with the goals of the Paris Agreement...
ACPR: Banks need to incorporate climate into risk management framework
The French Prudential Supervision and Resolution Authority (ACPR) has published a guide to good practices in governance and climate risk management for the banking industry.
France's largest insurers looking for climate-conscious asset managers
Three mandates totalling €500m open for tender
Pension funds and insurers commit to carbon-neutral investments by 2050
The newly launched alliance is responsible for $2.4trn in investments
People moves: Finance for Tomorrow, M&GPrudential, KEB Hana Bank, Union Investment Institutional
Philippe Zaouati, CEO of French asset manager Mirova, part of Natixis Investment Managers, has stepped down as chair of Finance for Tomorrow.
French regulator calls for ‘green and brown’ taxonomy
France’s financial regulator has called for the rapid introduction of a formal definition of investments that are beneficial or detrimental to the environment – a so-called taxonomy of ‘green’ and ‘brown’ assets.
People Moves: CalSTRS, BNP Paribas, ERAFP, GWEC, FC4S and Cornerstone
Kirsty Jenkinson has been appointed as director of corporate governance at the California State Teachers' Retirement System (CalSTRS) and replaces Anne Sheehan, who retired in March.
50 names to be added to Climate Action 100+ engagement hit list
50 more corporates are to be added to the $28 trillion Climate Action 100+ initiative's list of targets for climate-related engagement.