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UK pensions consulted on new ESG rules
The UK government has proposed legislation that will permit occupational pension schemes to divest from companies if they believe their environmental policies could harm investment returns in the longer term. On Monday, the Department of Work & Pensions, invited responses to a consultation entitled “clarifying and strengthening trustees’ investment duties,” with a view to empowering…
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Fund firms offered stewardship update
Asset managers offered new guidance on corporate stewardship.
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Asset managers warned of ESG cost hike
New regulatory requirements being brought in across the UK and Europe may hike costs for asset managers, but will investors be prepared to pay? Joe McGrath investigates…
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LGIM’s five laggards on climate change
Legal & General Investment Management (LGIM) has named several companies it will vote against and divest across its entire range of equity funds for failing to address climate change. Click through the slides to find out who has been targeted.
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New rules set to drive climate adoption
A series of proposed legislative changes look set to transform how European investors assess the climate risks in their portfolios.
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Europe set to regulate for its sustainable investment future
The European Commission has set out its legislative strategy to turn the region into a global leader in sustainable finance.
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Aviva, Ford and BP pensions named for engagement flaws
The UK government’s Environmental Audit Committee has warned that some of the UK’s 25 largest pension funds are taking a “worryingly complacent” approach to ESG risks.
