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Funds Europe: Asset managers see governance as their central ESG factor - but environment and social issues are gaining importance, research shows.
News Wire: A new survey of leading institutional investors released today by The Risk Management Association (RMA) revealed that 95% of respondents believe that securities lending activities can coexist with Environmental, Social, and Governance (ESG) principles.
Bloomberg: The European Union looks set to launch a foray into social bonds, a market that has already swelled four-fold this year to fund projects to help societies recover from the coronavirus. [Full article available to Bloomberg subscribers.]
Financial Times: The EU has agreed to delay implementing a key requirement of new rules designed to make it easier to judge how ‘green’ asset managers are, bowing to pressure from Europe’s €17tn investment industry. [Full article available to Financial Times subscribers.]
Bloomberg: The investing world of environmental, social and governance just broke through another barrier, and the growth is starting to raise questions (and even concern) about how much bigger it can get. [Full article available to Bloomberg subscribers.]
Expert Investor Europe: Substantial investor demand for environmental, social and governance (ESG) products could see asset management companies transform themselves into responsible investment firms.
City A.M.: One of Britain’s largest institutional investors, Legal & General, has warned FTSE 100 companies with all-white boards that it will vote against them if they do not hire a Black, Asian or minority ethnic (BAME) director by 2022.
Established in 1816, Caisse des Dépôts et des Consignations (“Caisse des Dépôts”) is a French public pension fund. As at December 31, 2019, the financial institution had 177 billions euros of assets under management.
As part of its responsible investment practices, Caisse des Dépôts integrates ESG considerations in their internally managed portfolios. Additionally, Caisse des Dépôts excludes controversial weapons, tobacco, thermal coal and regions with money laundering or terrorism financing from its investment universe. With regards to Climate Change, the financial institution adopted a group-wide strategy resting on 7 pillars to decarbonize its portfolios by 2050. As part of this commitment, the Caisse des Dépôts became a member of the Net-Zero Asset Owner Alliance.
Charter for Responsible Investment
Responsible Investment Report 2019 (Available in French only)
Financial Times: Traditional socially responsible exchange traded funds that rely on simply excluding “sin stocks” and other securities linked to sectors such as coal mining or tobacco look set to become a thing of the past, data shows. [Full article available to Financial Times subscribers.]
International Investment: Outdated ideas about gender roles are still are still holding women back in the fund management industry, according to GAM Investments.
