News

NBIM says investment exclusions could cost it NOK3bn a year

The manager of the giant Norwegian sovereign wealth fund said its portfolio underperformed by 1.3 percentage points due to exclusions of companies based on environmental, social and governance (ESG) concerns since 2006, which could cost it NOK2.8 billion ($300 million) in 'lost' returns if replicated in the future.

FactSet to acquire TruValue Labs

Financial data provider FactSet is to acquire alternative ESG data firm TruValue Labs, as the wave of consolidation in the sector continues.

Proterra leads Asia plant-based protein investment

Proterra Investment Partners Asia will lead a consortium of investors committing $100 million to help build what is claims would be the first plant-based protein production facility in Asia.

News Round Up: Refinitiv, Ceres, Manulife, and more

Coal campaigners take Carmichael mine fight direct to Lloyd's managing agents

Anti-coal campaigners aiming to stop development of the Australian Carmichael coal mine have targeted managing agents of Lloyd's syndicates in a week of direct phone calls demanding they rule out underwriting the controversial project.

Aegon Asset Management: Impact investing marred by 'poor measurement standards'

The asset management arm of Netherlands-based financial services firm Aegon has criticised the impact investing sector for 'sub-par measurement and reporting', which can lead to greenwashing and a difficulty in assessing investors' claims.

ESG fund assets set to jump to half total European market by 2025, says PwC

The "wave has begun to break" for environmental, social and governance (ESG) funds in Europe, according to a report by PricewaterhouseCoopers (PwC), with ESG funds forecast to constitute the majority of European fund assets by 2025.

News Round Up: Morgan Stanley, State Street, Redington, and more

People Moves 16 October: Willis Towers Watson; TNFD; Ikigai Capital; Engie

Macquarie and BT Pension push TPI support past $20trn

Membership of the Transition Pathway Initiative (TPI) has surged past the $20 trillion milestone, just over three years after it was launched.