UK regulator proposes tightened climate-risk disclosure demands
The UK financial services regulator has announced it is considering new climate-related disclosure requirements for most of the major firms listed in the country, despite disappointment from campaigners that its proposals were not mandatory.
FCA requires personal pension governance committees to consider ESG issues
The Financial Conduct Authority (FCA) has introduced a policy requiring the independent governance committees (IGCs) of personal pension plans to "check and challenge" pension providers over their environmental, social and governance (ESG) engagement.
UK regulator prepares ‘comply or explain’ TCFD rules
The UK’s financial conduct watchdog will consult on new rules to encourage disclosure of climate-related risks by financial firms in early 2020.
UK pensions advised to pursue decarbonisation with climate risk checklist
A checklist for pension fund trustees to consider climate risk in their investments has been launched which encourages UK schemes to adopt targets for reducing carbon-intensive holdings and consider divestment.
The role of ESG in fiduciary duty needs clarity
Investors should endorse the European Commission's mission to clarify how environmental, social and governance (ESG) factors form a central part of their fiduciary duty, Nathan Fabian says
UK pension funds could be required to state ESG policy
UK pension trustees could be required to state their investment policies on environmental, social and governance (ESG) factors, as well as their approach to voting and engagement, with the introduction of new regulation next year.
Aviva hits out at London's plans to woo Saudi Aramco
Aviva Investors has joined the chorus of investors urging the UK not to weaken its governance laws to attract the $2 trillion initial public offering of oil giant Saudi Aramco.
Nine UK pension funds to adopt much of EAPF's responsible investment strategy
A newly created pool of ten UK Local Government Pension Scheme Funds, with total assets of £27.5 billion ($35.9 billion), will extend much of the Environment Agency Pension Fund's (EAPF) responsible investment strategy across its funds.
BNP Paribas offers low carbon ETF in the UK
BNP Paribas' index-based investment unit, Theam, has gained regulatory approval to distribute its low carbon exchange traded fund (ETF) to UK customers for the first time.
Elliott Capital buys UK solar projects, shorts renewables funds
Elliott Capital Advisors, a leading US hedge fund, has made a direct investment of almost £100 million ($152 million) in six UK solar energy projects, while taking short positions in five London listed renewable energy funds.