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.
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...
BlackRock switches five tracker funds to ESG indexes
Blackrock have updated the existing indices for five of its funds, within its Authorised Contractual Scheme (ACS) range...
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".
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.