Archive

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".

News Round Up: Scottish Widows, JP Morgan, Fidelity, and more

Scottish Widows invests £2bn in BlackRock climate transition fund

Asset management giant BlackRock has launched a Climate Transition World Equity Fund with a £2 billion ($2.6 billion) investment from British pensions and insurance provider Scottish Widows, a subsidiary of Lloyds Bank.

Lloyds targets halving emissions from loan book by 2030

"Poor" climate risk practice puts pensions at risk, claims report

Millions of pension savers in the UK are at risk of significant losses due to lack of action from pension providers and their regulator on climate risk, a report has claimed.

SWIP's Mackenzie moves on from sustainability role

Craig Mackenzie - Scottish Widows Investment Partnership's highly regarded head of sustainability research – has left his post to take on a new role, Environmental Finance has learned.