UK pensions reforms to unlock billions for climate investments, CIOs say
Nine of the UK's largest pension schemes have signed up to a voluntary initiative to boost investment in unlisted equities, which CIOs have said could catalyse big investments in areas including climate-related technologies.
Investors welcome 'major step' of UK carbon markets regulation consultation
Investors have commended the UK government's commitment to consulting on regulating voluntary carbon markets.
Scottish Widows launches £1.4bn environmental funds
Tobacco investor engagement 'would not yield results'
Investor engagement will not be able to help the tobacco sector avert its decline, an executive at pension and insurance provider Scottish Widows has said.
Scottish Widows divests from tobacco due to 'stranded asset risk'
Pension and insurance provider Scottish Widows will divest £1.5 billion ($2.1 billion) of assets from companies with exposure to tobacco or some fossil fuels.
$2.7trn BlackRock proxy voting move 'game-changing' for industry
BlackRock will offer institutional clients expanded proxy voting options across its index business in the "first step" from the asset manager...
$14trn investor group pushes for AGM vote on 'net zero' claims
A group of 53 investors with a combined $14 trillion of assets under management has called for new climate-related corporate governance measures, including an annual general meeting (AGM) vote on corporate 'net zero' transition plans.
Aviva: OECD climate platform could reduce greenwashing
Aviva Investors has renewed calls for an Organisation for Economic Co-operation and Development (OECD) climate finance platform it said could reduce greenwashing by encouraging investment in emerging markets.
Scottish Widows urges £2.5trn UK pension industry to urgently close 'green gap'
Scottish Widows has urged other UK pension funds to help close the £2.2 trillion ($3 trillion) 'green gap' following its announcement of strengthened climate targets, arguing the "steady progress" on climate being made by the industry was "not fast enough".
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