HSBC and Standard Chartered to finance new coal plants
British banks HSBC and Standard Chartered have agreed to finance half a dozen new coal power plants in Vietnam and Indonesia, which will create 44 million tonnes of carbon dioxide each year.
News
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Government seeks fund managers for electric car fund
The UK government has opened the bidding process for fund managers interested in managing a £400 million fund to stimulate investment in electric vehicles across the UK.
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US pension sponsors not convinced by ESG
A whopping 88% of US companies sponsoring workplace pension schemes have not integrated environmental, social and governance metrics into their investment strategies.
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Hermes sets high target for Asia growth
The recently-acquired boutique firm seeks a substantial increase in regional asset growth over the next five years, according to Harriet Steel, global head of business development based in London.
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BNP Paribas AM appoints sustainability chief
BNP Paribas Asset Management has appointed a new head of sustainability who will report to the CEO and head of investments.
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Global skills shortage a real threat, warns KKR
Alternatives specialist KKR has said a global shortage of skilled managers to run industry-leading companies is the latest governance risk facing investors.
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Global plastics purge to hit oil investors
Ecowarriors could have double the reason to celebrate the global push to eradicate plastics after Legal & General Investment Management highlighted the negative impact lower demand will have on the oil and petrochemical sectors.
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JP Morgan launches ESG hedge fund forum
JP Morgan’s Alternative Asset Management arm has opened a discussion forum to encourage hedge fund managers to explore new investment ideas using ESG metrics.
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Schroders votes against pay at Netflix and Hermes
Schroders voted against the remuneration policies of several well-known companies in the second quarter of 2018 as it stepped up its aggression on pay, bonuses and board independence.
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City Minister anticipates “green” innovation from fund firms
The UK’s Economic Secretary tells investors to expect a host of new environmentally conscious investment products from asset managers.
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Trade group pleas for time on ESG adoption
An influential City trade group has urged the UK government to allow pension trustees longer to respond to proposals that will make it compulsory for environmental, social and governance risks to be considered in investment portfolios.
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Turning ESG analysis into valuation
Robeco’s ESG integration chief Masja Zandbergen outlines how effective ESG analysis can lead to better investment decisions.