Climate change – Page 14
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NewsAvon Pension Fund joins south-west partnership for renewables investment
New partnership will see Avon scheme and other Brunel Pension Partnership investors deploy over £300m into renewables and energy transition assets
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NewsKLP ditches Saudi Aramco and 11 other companies over climate and human rights
The exclusions are mainly related to the building and construction, property, and telecommunications sectors
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NewsEU issues taxonomy guidance for investors, moves forward on regulating ESG ratings
Official political negotiations will kick off on the proposed regulation in January between the European Parliament, Council and Commission
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NewsCorporate strategy and pension schemes’ ESG agendas misaligned, survey finds
Only 37% of CFOs and senior executives reported their corporate strategy and schemes’ ESG agendas are aligned
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NewsPension bodies and asset managers disagree over SFDR reform
European Commission acknowledges need to review legal foundations of SFDR and proposes two new options in consultation
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NewsUK to conduct transition finance market review
Review to be led by Vanessa Havard-Williams, former head of Linklater’s global environmental and climate change practice
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NewsNo new accounting rules for net zero, IFRS committee decides
International standards, in particular IAS 37, deemed to provide ‘adequate basis’
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NewsEthos reviews voting guidelines for sustainability and climate disclosures
Swiss listed companies will have to submit sustainability reports to shareholders vote from next year.
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NewsCOP28: Fossil fuels reference ‘a key signal to asset owners’
Final text also includes welcome recognition of importance of ‘enabling policy framework’
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NewsInvestors develop performance attribution model for decarbonisation
Investors have developed a way to explain what is driving carbon reductions in a portfolio
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NewsEU mulls taxonomy-based climate benchmark label
The EU has launched a consultation today on a new type of climate benchmark for investors
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NewsSwiss scheme disengages from energy sector to cut portfolio temperature
The scheme is excluding companies in the energy sector to progressively disengage from the fossil fuels sector
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NewsPension fund for Swiss canton of Vaud reviews climate strategy
CPEV plans to put in place two new measures with regard to so-called green housing and the deployment of photovoltaic installations
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NewsUK schemes misaligned with climate transition, says XPS study
The average implied temperature rise of scheme holding is 2.8°C, much higher than the Paris Agreement targets of 1.5°C
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NewsCOP28: Denmark’s Velliv calls for more blended finance to speed green shift
Pensions firm calls for government-linked vehicles which fit institutional investors’ risk profile
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NewsSwiss government adds to climate disclosure guidelines for financial products
‘Climate Scores’ now include optional questions about products’ climate-related investment goals
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NewsFrance is first country to transpose CSRD into national law
The Directive will replace the Non-Financial Reporting Directive, laying out much stricter expectations for companies reporting on environmental and social impacts
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NewsMissing link between carbon intensity and ESG ratings drives ‘dilution’
Lack of correlation can complicate efforts from investors who want to lower their carbon footprint, but also take into account other ESG factors
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News‘Milestone’ as investor-led project delivers first country climate assessments
ASCOR framework assesses countries in 13 topic areas for benefit of sovereign bond investors
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NewsMore than 250 financial institutions slated to launch net zero plans in 2024
GFANZ has around 675 members, via its eight sub-groups, up from 450 two years ago
