Krystle Higgins

2 weeks 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.

2 weeks 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.

3 weeks 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.

4 weeks 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.

4 weeks 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.