.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Citywire Selector: Growing engagement between investors and companies in the A-share market appears to have resulted in improved disclosure, according to a study by Fidelity.
BNN Bloomberg: The world’s largest sustainable-investing group will require its thousands of money managers to disclose whether and how they engage with government officials and other policymakers to see if such lobbying efforts are in line with environmental and societal goals.
Bloomberg: A Dutch sustainability expert wants financial giants to apply the lessons of ESG to plants, animals and ecosystems. Some are starting to listen. [Full article available to Bloomberg subscribers.]
Pensions & Investments: More than twice as many shareholder ESG resolutions would have passed the 50% support threshold if the three largest U.S. asset managers had backed them this past proxy season, according to a report from responsible investing organization ShareAction released Tuesday. [Full article available to Pensions & Investments subscribers.]
BNN Bloomberg: Companies with greater gender diversity in their boardrooms show better performance on developing policies and methods to address climate change risks, according to BloombergNEF.
BNN Bloomberg: The world’s two biggest money managers gave their support to less than a sixth of shareholder climate and social resolutions, despite commitments to do more to combat the effects of climate change.
Financial Times: World’s second-largest economy has the worst ESG ratings of any major market. [Full article available to Financial Times subscribers.]
Established in 2011, the Commonwealth Superannuation Corporation (“CSC”) provides superannuation services to employees of the Australian Government and members of the Australian Defence Force. As at December 31, 2019, they had $US 36.5 billion of assets under management.
As a UN PRI signatory, CSC integrates environmental, social and governance (ESG) issues in its decision-making processes and active ownership practices. With regards to Climate Change, CSC measures and discloses the carbon footprint of its public market equities portfolio, in line with the Montreal Carbon Pledge, and conducts stress and scenario analysis. Additionally, they engage with investee companies on climate change issues with other investors as part of their involvement with the Investor Group on Climate Change (IGCC), the Carbon Disclosure Project (CDP) and the Taskforce for Climate-related Financial Disclosures (TCFD).
Climate Investment Risk Factsheet
IPE: Norway’s giant sovereign wealth fund has criticised the Principles for Responsible Investment’s (PRI) new three-year strategy for being tough for investors to achieve, with the network’s informative style also drawing the NOK10.9trn (€1trn) fund’s ire.
Financial Times: Aberdeen Standard Investments, one of Europe’s biggest asset managers, is set to launch a fund investing solely in hedge funds run by women, meeting demand from investors who are keen to foster diversity in a male-dominated industry and from those who believe greater diversity leads to better returns. [Full article available to Financial Times subscribers.]
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