USS to place greater emphasis on physical and transition risk

USS to place greater emphasis on physical and transition risk

The Universities Superannuation Scheme (USS), the UK pension scheme for university employees, has taken steps to further integrate climate considerations into its strategic asset allocation.

Preparations for COP17 continue against Global Stocktake backdrop

Policy recommendations for COP17 are being drafted as early assessments of the Global Biodiversity Framework (GBF) progress find that "current efforts are not yet enough" to meet its targets.

Japan's revised governance code a mixed bag, says L&G

Japan's overhauled Corporate Governance Code places more emphasis on shareholder dialogue, capital allocation and governance effectiveness than previously - but gaps include limiting key elements to 'illustrative guidance', L&G Asset Management said.

Nordex refinances €2.5bn ESG-linked guarantee facility

ECB extends climate risk treatment to bank loans pledged as collateral

The European Central Bank (ECB) will lower the financial value it attaches to bank loans accepted as collateral where they are linked to higher climate transition risks, in an expansion of its existing climate-related collateral treatment.