REC-reduced emissions targets are 'not reputable', says MainStreet
The use of 'market-based' emissions targets for sustainability-linked instruments is "not reputable", as it demonstrates no long-term operational sustainability improvement, according to MainStreet Partners.
LGIM expands climate engagement, includes biodiversity
Legal & General Investment Management (LGIM) has broadened the scope of its climate engagement initiative to cover five times as many companies and bring biodiversity concerns into the discussion.
LGIM increasing engagement on biodiversity
Last year marked a "step change" in Legal & General Investment Management's (LGIM) engagement on biodiversity, and it continues to be one of its key themes for 2023, the company has said.
LGIM votes against 32 firms in 'say on climate' proposals
Legal & General Investment Management (LGIM) revealed it voted against 32 firms (67%) out of 48 'say on climate' shareholder proposals in 2022, as it prepares to pressure several US banks and corporates in coming weeks.
LGIM to support climate resolutions at North American banks
Legal & General Investment Management (LGIM) has announced it will support climate resolutions at several North American banks, including calls to phase out fossil fuels and report on scope 3 emissions.
Legal & General to close green bond ETF after two years
Legal & General Investment Management (LGIM) is closing its dedicated green bond exchange-trade fund (ETF) from May, just two years after launching the fund.
ESG in Fixed Income EMEA 2023 - early bird ends this Friday
The early bird rate for Environmental Finance's annual ESG in Fixed Income EMEA conference will end this Friday, so register now to save 20%
COP15 text is foundation for private sector work on metrics, LGIM says
The agreement by countries at COP15 to protect 30% of land and sea biodiversity by 2030 is likely to leave private sector initiatives to do much of the heavy lifting in areas such as devising nature-related metrics and targets, a large asset manager has said.