More ESG news – Page 3
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NewsPFA’s climate product beats standard pension with 19.6% return
Parts of the green sector hit by declining investment appetite in 2024, says CIO
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NewsGFANZ further relaxes membership requirements to halt exodus
Going forward, GFANZ ‘will allow any financial institution working to mobilise capital and lower the barriers to financing energy transition to participate’
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NewsUK government advised on climate-adaptation taxonomy
The independent Land, Nature and Adapted Systems Advisory Group has proposed a five-step framework to develop an adaptation-focused UK taxonomy
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NewsATP disappointed as Better Energy restructures
Citing ‘perfect storm of negative market conditions’, Danish renewable-energy firm enters restructuring to rebuild capital base and stabilise the business
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NewsBumper month for EU sustainability policy ends with Transition Benchmark proposal
Platform on Sustainable Finance proposes two new Investing for Transition Benchmarks
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NewsSwiss pension funds association updates ESG reporting standards
ASIP updates standards to strengthen qualitative reporting, especially for stewardship
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NewsNorway SWF urges CII to go further combatting ‘stealth dual-class structures’
NBIM gives views to Council of Institutional Investors on proposed policy changes on unequal voting structures
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NewsInvestor group complains to Commission over defence conference treatment
Tommy Piemonte of Bank für Kirche und Caritas was told he was temporarily removed for being ‘disruptive’
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NewsGermany pushes EU Commission to scale back sustainability reporting rules
Germany asks EU Commission to postpone the CSRD application deadline by two years
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NewsCommission asked to make ‘transition’, ‘sustainable’ and ‘collection’ into SFDR categories
Current SFDR categories should be replaced with alternatives that better reflect current range of sustainability-related strategies
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NewsUK receives official advice on national sustainability reporting standards
Sustainability Disclosure Technical Advisory Committee suggests removing restrictions on which sectoral categories investors and banks can use to report emissions
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NewsIOSCO launches GEMC sustainability reporting network
Emmanuel Faber, chair of the ISSB, says this progress is important to all jurisdictions because multinational companies will stand to benefit from availability of comparable data and disclosures
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NewsGerman associations relax exclusion criteria for investments in defence sector
BVI and others publish a new version of ESG target market concept (Zielmarkt Konzept), scrapping revenues threshold to invest sustainably in the defence sector
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NewsPRI rules out EMs for next phase of sovereign climate engagement project
An announcement on which additional jurisdictions will be added to the initiative is expected to be made in January 2025
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NewsIFRIC rejects call to review climate-related intangible assets
Instead, the committee concluded that existing International Financial Reporting Standards offer sufficient guidance for handling such expenditures
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NewsPGGM ditches responsible investment team with new impact strategy
‘Even though this process required me to give up my old job, I still think it’s a good idea,’ says Piet Klop
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NewsBlackRock equity funds didn’t vote on US companies for almost 10 years
BlackRock ‘immediately notified affected clients, apologised and rectified the issue’, the firm said
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NewsVarma trumpets biggest investment yet with €2.3bn in US climate ETF
Finnish pensions insurer invests in Invesco New-York ETF launch, with fund tailored to its own needs
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NewsGerman government backs sustainable investing in defence sector
Sustainable investments association FNG says weapons are ‘not compatible with the principles of sustainable investing’
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NewsEU urged not to make ‘arbitrary’ cuts to sustainability disclosure rules
Nearly 100 NGOs, think tanks and membership bodies have written to Commission president Ursula von der Leyen
