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ESG Newsletter

Spotlight on Investors: Temasek Holdings

Established in 1974, Temasek Holdings is the Sovereign Wealth Fund of Singapore. Temasek had S$ 306 billion (US$ 214 billion) of assets under management, as at March 31, 2020.

As a generational investor, Temasek integrates ESG considerations throughout its investment process when assessing thematic, sector, and company-level information. Additionally, with regards to Climate Change strategy, Temasek conducts scenario analysis on portfolio companies to better understand their exposure to climate risk in line with the Taskforce for Climate-related Financial Disclosure. As part of this process, the Sovereign Wealth Fund will engage with companies to achieve net zero carbon emissions by 2050. Furthermore, Temasek is active in industry-wide initiatives such as the United Nations Development Programme’s Steering Group of SDG Impact and the Sustainability Accounting Standards Board (SASB).

Annual Review 2020

Sustainability Journey

Socially Responsible Investing Goes Mainstream As Pandemic Continues, Says Survey

2020-09-23

Opalesque: About two-thirds of investors agree that the global pandemic has led them to place a higher priority on social factors when analyzing investment risk, according to a survey of attitudes toward ESG investing by Federated Hermes.

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Global Net-zero Commitments Double In Less Than A Year

2020-09-23

GreenBiz: New York Climate Week kicked off with confirmation the number of corporations and governments pledging to deliver net-zero emissions by 2050 at the latest has more than doubled in the past year.

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Wells Fargo CEO Ruffles Feathers with Comments About Diverse Talent

2020-09-22

Reuters: Wells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.

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Asset Managers Progress Biodiversity Impact Measurement Plan

2020-09-22

IPE: AXA Investment Managers, BNP Paribas Asset Management, Sycomore Asset Management and Mirova have selected the research provider that will develop a tool to allow them to measure the impact of their investments on biodiversity. [Full article available to subscribers.]

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US Regulator Welcomes Water Futures As Tool to Manage Climate Risk

2020-09-22

Financial Times: Derivatives linked to the price of water will be vital to help businesses and investors manage the increasingly dramatic risk of climate change, a top US markets regulator has said. [Full article available to Financial Times subscribers.]

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Big Four Accounting Firms Unveil ESG Reporting Standards

2020-09-22

Financial Times: The leaders of the Big Four accounting firms have come together in an unusual joint initiative to unveil a reporting framework for environmental, social and governance standards. [Full article available to Financial Times subscribers.]

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Third of Firms Not Engaging On Climate Change, Report Finds

2020-09-21

Funds Europe: More than a third of asset managers are not engaging with the issue of climate change, a report has claimed. Research conducted by the UK-based investment consultancy Redington found that more than a third (39%) of asset managers were, when asked, unable to provide an example of a climate change related engagement effort.

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CFTC Report Hailed As A ‘Dramatic Milestone’ In Addressing Climate Risk

2020-09-21

Pensions & Investments: The first U.S. government report on climate change's financial impact is sparking some optimism among sustainability-minded investors and advocates. [Full article available to subscribers.]

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BlackRock, State Street, and Vanguard Block Action On Deforestation In Shareholder Votes, Finds Friends of the Earth

2020-09-21

Institutional Asset Manager: The world’s three largest asset managers, BlackRock, Vanguard, and State Street, have either voted against or abstained from voting on all efforts to halt deforestation by shareholders of consumer brands and agribusiness companies since 2012, a new report from environmental advocacy group Friends of the Earth finds.

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