UK's FCA appoints ESG advisory committee
Desiree Fixler is among six members of an advisory committee on environmental, social and governance (ESG) issues to have been appointed by the UK's financial services regulator.
BlackRock, Vanguard climate and social voting records continue to disappoint
Asset managers' proxy voting record on shareholder resolutions for climate and social issues continued to disappoint in 2020, according to a report by ShareAction, with US giants BlackRock, Vanguard and Capital Group among the worst performers.
Asset manager taskforce calls on bondholders to assert their rights
A UK government-initiated taskforce has announced recommendations to strengthen sustainable stewardship in the UK investment industry, including encouraging investors to assert their rights in the bond and private markets.
UK lawmakers urged to strengthen ESG focus of pension funds
UK legislators were urged to back a law to compel managers of the £2.8 trillion ($3.6 trillion) in pension fund assets to consider environmental, social and governance (ESG) factors as part of their fiduciary duty to clients, including through the creation of a Scandinavian-style ethics council.
Largest private pension scheme in UK announces first divestments
The Universities Superannuation Scheme (USS) has announced it will not invest in tobacco, coal, and controversial weaponry firms under its exclusions policy, though campaigners are pressing for the £68 billion ($84 billion) fund to divest from other fossil fuel firms.
A fifth of Barclays investors back fossil fuel financing phase out
More than a fifth of investors in Barclays backed a shareholder resolution urging the FTSE 100-listed lender to outline a plan to phase out its financing for fossil fuel firms.
ESG in fiduciary duty debate is over, says PRI
The debate about whether environmental, social and governance (ESG) issues are part of fiduciary duty "is now over", according to the Principles for Responsible Investment (PRI).
Success of $32trn Climate Action 100+ ‘at risk’, say NGOs
The success of the Climate Action 100+ (CA100+) collaborative investor engagement initiative is being jeopardised because many investors are failing to fully support it, according to a group of civil society organisations.
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.
ShareAction takes over Asset Owners Disclosure Project
ShareAction has taken over leadership of the Asset Owners Disclosure Project (AODP) to further its responsible investment message in US and Australian markets.