Low Carbon Investment Management announces $65m deal
Renewable energy investor Low Carbon Investment Management has announced a $65 million investment in energy efficient lighting group UrbanVolt.
News
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Companies told to link workforce and directors’ pay
Investors have welcomed a move by the UK’s Financial Reporting Council to urge companies to engage more closely with their workforce, amid public concerns over remuneration.
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Hawksmoor unveils “Sustainable World” portfolio
Hawksmoor Investment Management has become the latest discretionary fund manager to launch a portfolio focussed on sustainable investments.
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Selector: Some ESG strategies ‘just window dressing’
An overreliance on data filtering is not enough to make sustainable investment decisions that hold up to scrutiny, says a Swedish fund selector.
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PRI seeks asset owners for committee
Principles for Responsible Investment – the UN-backed organisation championing sustainable investment approaches – is seeking asset owners to join its advisory committee.
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Aviva Investors bolsters Responsible Investment team
Aviva Investors has announced the expansion of its Global Responsible Investment team with a host of new analyst hires.
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Norges Bank excludes companies from pension fund
Norway’s central bank, Norges Bank, has excluded four companies from its Government Pension Fund on ethical recommendations by its Council of Ethics.
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Guernsey bids to be green fund hub with launch
The channel island of Guernsey has launched a new regulated fund structure for firms launching strategies with a commitment to mitigating environmental damage.
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Church against “premature” fossil fuel divestment
The Church of England has committed to divesting from all fossil fuel companies by 2023 but said that calls for it to do so earlier, by 2020, would leave its “strategy and influence in tatters.”
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LGIM appoints US stewardship boss
Legal & General Investment Management America has appointed a new head of US Stewardship and Sustainable Investments.
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Climate, Volatility and Dividend Index launched
German index group Solactive has launched an index to track companies embracing the transition to renewable energy while exhibiting low volatility and high dividend yield characteristics.
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Morgan Stanley launches low carbon fund
The investment management arm of US bank Morgan Stanley has launched a new global equity strategy focused on sustainability.