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ESG Newsletter

    Companies Say Black Lives Matter. Investors Say Prove It.

    2021-04-01 

    GreenBiz: After the murder of George Floyd in May, Amazon’s official Twitter account tweeted: "Together we stand in solidarity with the Black community — our employees, customers and partners — in the fight against systemic racism and injustice." 

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    After a Year of Remote Work, Institutional Investors Are Worried About Employee Burnout

    2021-03-31 

    Institutional Investor: Allocators and consultants shared concerns about staff mental health in a survey of 700 institutional investors. 

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    U.S. Companies Resist Activist Investor’s Climate Campaign

    2021-03-30 

    Wall Street Journal: A billionaire British hedge-fund manager’s campaign to make large public companies set near-term targets for carbon-emission cuts is encountering challenges from U.S. corporations and money managers. [Full article available to Wall Street Journal subscribers.] 

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    IOSCO Launches Technical Expert Group for IFRS Sustainability Standards Initiative

    2021-03-30 

    ESG TodayThe International Organization of Securities Commissions (IOSCO) announced today the launch of a Technical Expert Group (TEG) tasked with assessing the technical recommendations to be developed as part of the International Financial Reporting Standards Foundation’s (IFRS) sustainability standards project. 

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    Investors Press Companies on Human Rights in Xinjiang

    2021-03-30 

    ReutersA group of religious and socially conscious investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China’s Xinjiang region, highlighting the challenges for brands trying to maintain their business ties amid rising tensions. 

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    'Immediate and Drastic.' The Climate Crisis is Seriously Spooking Economists

    2021-03-30 

    CNNWorsening inequality, trillions of dollars in economic damage and depressed economic growth. Those are the outcomes that economists fear we will face unless the world aggressively confronts the climate crisis. 

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    Covid-19 and Threat of Climate Change Drives Increase in LGIM’s Company Engagements

    2021-03-30 

    Institutional Asset ManagerLegal & General Investment Management (LGIM), one of the world’s largest asset managers, has released its tenth annual ‘Active Ownership’ report, which reveals that over the course of 2020, it increased company engagements by 21 per cent and continued to vote globally, opposing the election of more than 4,700 company directors, as it sought to effect positive change at companies in which it invests. 

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    Spotlight on Investors: KENFO

    Established in 2017 under the German Nuclear Waste Management Act, KENFO is responsible for funding the costs of the safe disposal of radioactive waste from the commercial use of nuclear energy to generate electricity in Germany and invests the funds transferred to it. KENFO has around EUR 24 billion of funds under management.  

    As part of its responsible investment approach, KENFO integrates environmental, social and governance considerations into the process for selecting investment managers. Additionally, it applies negative and norms-based screening on coal, nuclear power plant operators and the UN Global Compact. To further its commitment to sustainability, KENFO joined the Net-Zero Asset Owner Alliance in March 2020 and became a signatory of the UN PRI in November of the same year.  

    Sustainability Approach (German only)

    2018 Annual Report (German only)

    ESG Stampede Reduces Financing for Carbon-Intensive Companies

    2021-03-25 

    BNN BloombergThe flip side of the stampede into sustainable investments in recent years is that companies with the greatest need to decarbonize are increasingly starved of funding. 

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    Sustainability-Focused Investors and Orgs Join Call to Keep Fossil Gas out of EU Taxonomy

    2021-03-23 

    ESG Today: Several sustainability-focused investors and investment organizations have signed on to an open letter, along with scientists and NGOs, calling for new fossil gas projects to be excluded from the EU Taxonomy classifying sustainable investments. 

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