Blind man’s buff on ESG
Selectors can be in the dark when it comes to verifying ESG credentials with no sustainable investment benchmark
EU
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£9bn UK pension fund adopts multi-factor index for climate strategy
The Merseyside Pension Fund is to use a FTSE Russell index for its Climate Risk strategy
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Government seeks fund managers to run Clean Growth fund
Fund managers are being invited to pitch to run the new clean tech fund
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UBP launches impact fund
Measurement of non-financial performance alongside financial results will be one of the strategy’s key characteristics
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Commerzbank raises €500m from inaugural green bond
The issuance will help finance on and offshore wind and solar projects in Europe and the Americas
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Financial firms pledge for Green GB Week
Aberdeen Standard, HSBC and Hargreaves Lansdown are among the companies to pledge so far
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“Big Oil” stuns investors with commitment to tradition
Higher carbon prices and investor lobbying efforts are doing little to make oil and gas companies change their ways
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$366bn pension earmarks gender diversity as priority
The Canada Pension Plan Investment Board, which manages pensions for 20 million people, says it will target companies with poor gender diversity in the year ahead.
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Who are the oldest UN PRI signatories?
These days, the UN PRI sees dozens of signatories every month, but who were the founder members of the organisation back in April 2006?
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Brooks Macdonald launches responsible investment service
Investment management group launches two sustainable investment strategies as part of a new service
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Branson endorses fund firm’s social enterprise scheme
Asset management group Alquity has launched an award scheme offering $600k to emerging markets social enterprises
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Schroders launches sustainable multi-factor fund
The UK fund group hopes to benefit from growing investor interest in sustainable and factor-based investing