Archive

News Round Up: FE fundinfo buys CSSP, SEI joins CA100+ and Lightsource BP signs novel PPA

CA100+ to 'amplify' efforts in 2021 amid ongoing gaps in climate progress

The Climate Action 100+ (CA100+) engagement initiative has announced plans to ramp-up engagement with target companies in 2021, after its progress report showed significant gaps remain.

$6bn charity criticises 'appalling' climate voting records of major investors, advisors

The Children's Investment Fund Foundation (CIFF) has sent a letter to a dozen major global investors, pension consultants and proxy voting advisors criticising their "appalling" records for using shareholders' votes to deliver the transition to a net-zero economy.

Nature Action 100 proposed by World Bank to mobilise biodiversity finance

The World Bank has proposed five "big ideas" to drive growth in biodiversity financing, including development banks becoming cornerstone investors for biodiversity projects and investors creating a 'Nature Action 100' initiative similar to Climate Action 100+.

Water webinar: With risk recognition rising, it's time to rethink resilience and adaptation

Water risk is beginning to receive greater attention, but it is time to press companies to disclose as well as consider the future opportunities. Ahren Lester reports.

Storebrand excludes 27 firms as it tightens climate policy

Norwegian asset manager Storebrand has tightened its climate policy significantly, which will see it exclude 27 firms including oil majors Chevron and ExxonMobil, miner Rio Tinto and chemicals giant BASF.

£32bn Pension Protection Fund hails ESG progress

The UK Pension Protection Fund (PPF) has hailed its environmental, social and governance (ESG) progress in its first responsible investment report, including building pressure on external managers and increasing engagement, as it looks to push harder for disclosure improvements.

Australian pension fund to exit coal amid climate announcements

Australian pension fund First State Super has outlined a number of climate change actions and targets, including exiting thermal coal, as it urged other Australian pension funds to do the same.

Transition finance guidelines to be published 'by end of year'

A working group convened by the International Capital Market Association (ICMA) exploring the theme of 'climate transition finance' expects to publish guidelines by the end of the year, but stopped short of saying when a formal set of principles might be launched.

Total becomes next oil major to feel shareholder climate pressure

French supermajor Total has become the latest oil firm to face rising pressure from shareholders at its annual general meeting (AGM) over it environmental ambitions.