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2 weeks ago | 
ipe.com | Krystle Higgins
ShareAction has found that 87% of asset managers assessed for a new report have failed to meet even half of a set of key responsible investment standards, describing the lack of progress as “shocking”.
The world’s largest asset managers are failing to respond effectively to global climate and social crises, according to ShareAction, who say the industry is turning a blind eye to the destruction of the planet as progress stagnates on responsible investment.
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2 weeks ago | 
ipe.com | Krystle Higgins
Brunel Pension Partnership has said that while Shell’s conceding to provide greater transparency on its liquefied natural gas (LNG) plans is positive, the oil major must also enhance disclosures as opposed to ‘repackaging’ them, following the company’s annual general meeting (AGM) in London yesterday.
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3 weeks ago | 
ipe.com | Krystle Higgins
Green equities have outperformed the FTSE All Cap by 59% since 2008, although 12-month rolling relative performance has seen large swings, according to the London Stock Exchange Group (LSEG).
Despite current market volatility, long-term drivers such as the energy transition, sustainability regulations, and adaptation investments continue to support the growth of the green economy, it said in a new report from the group.
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1 month ago | 
ipe.com | Krystle Higgins
A new index designed to provide a holistic view of corporate decarbonisation activities is set to be developed, with BearingPoint’s I Care and Winrock International today selected to take its creation forward.
The Corporate Climate Contribution Index (CCCI) aims to give investors and the public a clearer picture of which companies are making extra efforts to contribute to the reduction of global greenhouse gas (GHG) emissions.
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1 month ago | 
ipe.com | Krystle Higgins
The Transition Pathway Initiative (TPI) has warned the investment industry about the use of a carbon-intensity calculation within the oil and gas sector, known as fossil-fuel equivalence ratios (FFE), which could mislead investors when assessing a firm’s net zero progress.
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2 months ago | 
ipe.com | Krystle Higgins
The IFRS Foundation has joined forces with the Taskforce on Nature-related Financial Disclosures (TNFD) to create better guidelines for companies to report on how their activities affect nature.
The duo signed a memorandum of understanding (MoU) this week in Frankfurt, signalling a commitment to build upon the TNFD recommendations in the ongoing work of the International Sustainability Standards Board (ISSB), to enable nature-related financial disclosures for use by capital markets.
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2 months ago | 
ipe.com | Krystle Higgins
The London Pensions Fund Authority (LPFA) has announced it will allocate 3% of its £8bn (€9.3bn) portfolio into environmental solutions assets.
The £250m investment will go into a newly launched private markets fund focused on global decarbonisation efforts.
The LPFA’s assets are managed alongside those of Lancashire County Pension Fund and the Royal County of Berkshire Pension Fund through the £27bn Local Pensions Partnership Investments (LPPI) investment pool.
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2 months ago | 
ipe.com | Krystle Higgins
Just 80 funds, representing £34.5bn (€41.3bn) of assets, have publicly announced that they plan to use a label under the UK’s regime for sustainable funds as of the end of March, according to Morningstar.
In contrast, 325 funds, accounting for £280bn in assets, have not adopted a label, but have provided their first consumer-facing disclosures, according to Morningstar’s latest report – UK SDR Labelled and Non-Labelled Fund Landscape.
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2 months ago | 
ipe.com | Krystle Higgins
Backers of a shareholder resolution at oil and gas major Shell have reiterated their call for greater transparency about the company’s liquefied natural gas (LNG) growth plan after the company’s capital markets day this week.
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2 months ago | 
ipe.com | Krystle Higgins
Several institutional investors in the UK have filed a shareholder resolution at Next, M&S and JD Sports, calling for all three major retailers to address the issue of ‘poverty wages’ in their workforces.
The resolution, filed by three investor groups including seven institutional investors managing over £1trn (€1.2trn) in assets, calls for more transparency from retailers on their staff who are being paid below a real living wage based on the true cost of living.
