Investors threatened with legal action on climate change
Asset allocators face the risk of litigation if they fail to analyse climate risk by using improving data and market practices.
EU
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Cambridge Associates signs up to TCFD
Global investment consulting group Cambridge Associates has become the latest company to sign up to support the Task Force on Climate-related Financial Disclosures (TCFD).
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Axa IM renames impact fund as rivals multiply
Axa Investment Managers has renamed its gender diversity equities strategy as it seeks to compete with international rivals.
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Moody’s cuts forecast for Green Bonds
Ratings agency Moody’s has cut its forecast for green bond issuance for 2018 to between $175-200 billion, from the $250 billion originally projected at the end of 2017.
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Report: Time to rethink ESG index construction
Traditional approaches to creating ESG indices, result in a “fairly large set of unintended bets on other risk factors,” a new study has suggested.
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Schroders calls for lobbying changes after Google vote
Schroders has called on companies to be more transparent on the amount they spend on lobbying governments and influencing policymakers and to outline their reasons for doing so.
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BIMB launches ‘ESG sukuk’ bond fund
Kuala Lumpur-based BIMB Investment Management has worked with UK-based Arabesque to launch what it claims is the world’s first ESG shariah bond fund.
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ESG enters list of most popular hedge fund strategies
Environmental, social and governance-focused strategies have appeared in the top 10 most popular hedge fund strategies for the first time, according to an annual investor report by Credit Suisse.
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European ESG flows exceed €32bn in first half of 2018
Net flows into European sustainable investment funds during the first half of 2018, were at their second highest level of the past five years.
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Sustainable approaches breakthrough in the US
Increasing numbers of US investors are incorporating environmental, social and governance (ESG) factors into their investment processes, suggesting that sustainable investing approaches are finally becoming more popular in North America.
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Robeco: It’s time to move beyond negative screening
Investors should move beyond negative screening to get the most out of a sustainable approach to portfolio allocations, according to a new report.
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SSGA calls for German governance changes
State Street Global Advisors has called for a change to the German Corporate Governance Code, claiming that the existing rules make it too easy for companies to protect underperforming executives.