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Axa IM awarded €124m fixed income ESG mandate
19 December 2016Axa Investment Management (IM) has been awarded a €124 million ($130 million) fixed income environmental, social and governance (ESG) mandate by Japanese insurer Nippon Life.
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TCFD Reaction: 'Turning point for climate disclosure'
14 December 2016The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.
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TCFD's long-awaited report revealed
14 December 2016After a year of intensive work, the Task Force on Climate-related Financial Disclosures (TCFD) today laid out its eagerly-awaited recommendations designed to help standardise and mainstream considerations about the impacts of climate change on companies.
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Organisations should use existing climate scenario analysis or develop their own, says TCFD
14 December 2016Companies should use a range of existing, publicly-available climate-related scenario analysis or develop their own in order to assess the risks posed to their business by climate change, according to the Financial Stability Board (FSB) Task Force on Climate-Related Financial Disclosures (TCFD).
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Most investors lack understanding of ESG impact, says RBC GAM
17 November 2016The financial impact of environmental, social and governance (ESG) factors is not understood by most investors, according to RBC Global Asset Management (GAM).
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Solactive and Oekom to help divestment policy of Berlin's pension funds
10 November 2016The state of Berlin, one of Germany's 16 federal states, has chosen index provider Solactive and specialist research firm Oekom to help it implement a long-term divestment strategy for its public pension funds.
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PRI issues guide for asset owners on embedding ESG in investment policies
01 November 2016The Principles for Responsible Investment (PRI) has published a guide for asset owners on how to best embed environmental, social and governance (ESG) issues into their investment policies.
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Quantitative easing has hurt ESG investing, says Hermes chief
01 November 2016The unprecedented amount of quantitative easing (QE) that has followed the financial disaster of 2008 has had a direct impact on environmental, social and governance (ESG) investing, said Saker Nusseibeh, CEO of Hermes Investment Management.
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EF BRIEFS: Impax; CBL Markets; Urban development
19 October 2016Impax Asset Management has completed the sale of a 107.7MW portfolio of wind farms in Finland to German insurer Allianz. The sale price was not disclosed.
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CalSTRS seeks more ESG asset managers
18 October 2016The California State Teachers' Retirement System (CalSTRS) has launched a major hunt for asset managers specialising in environmental, social and governance (ESG), as it looks to shake up the sustainability management of its equities portfolios.