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ESG Newsletter

      Aberdeen Standard Targets Women-led Hedge Funds With New Strategy

      2020-11-26

      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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      Regulator Calls Out UK Companies for ‘Box-ticking’ on Diversity

      2020-11-25

      Financial Times: UK listed companies are failing to live up to their diversity promises and treat reporting on their culture and strategy as a “box-ticking exercise”, according to a highly critical regulatory report. [Full article available to Financial Times subscribers.]

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      EU Watchdog Criticizes BlackRock Appointment as ESG Adviser

      2020-11-25

      BNN Bloomberg: The European Commission failed to fully consider conflicts of interest when it appointed BlackRock Inc. to advise on new sustainable-finance rules for banks, according to a ruling by the European Union’s watchdog.

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      Bank That Pioneered Green Bonds Sets Ultimatum for Its Clients

      2020-11-23

      BNN Bloomberg: The Swedish bank that brought the first green bond to the world over a decade ago is now forcing corporate clients to prove they’re clean enough to stay on its books.

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      EC Taxonomy Consultation Triggers ‘Environmental Integrity’ Warnings

      2020-11-20

      IPE: The European Commission has launched a public consultation on the first two sets of detailed screening criteria under the EU sustainability taxonomy regulation, triggering warnings that they are at risk of deviating from scientific evidence.

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      Investors Tell European Firms to Reveal 'Missing' Climate Costs in Their Accounts

      2020-11-16

      Reuters: Investors are pushing major European companies to make sure the “missing” costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation.

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      Managers Call on French Firms to Up Board Diversity

      2020-11-12

      Pensions & Investments: Six France-based money managers have called on the country's largest listed companies to increase the proportion of women in senior management to one-third by 2025. [Full article available to Pensions & Investments subscribers.]

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      UK to Make Climate Risk Reports Mandatory for Large Companies

      2020-11-09

      The Guardian: Large companies and financial institutions in the UK will have to come clean about their exposure to climate risks within five years under the terms of a tougher regime announced by the chancellor, Rishi Sunak. [Full article available to The Guardian subscribers.]

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      Scottish Widows to Divest £440m From Companies That Pose Significant ESG Risk

      2020-11-09

      Finextra: Scottish Widows is to divest at least £440 million from companies that have failed to meet its environmental, social and governance (ESG) standards, and warned this figure could grow much further if companies do not take action to improve the sustainability of their business practices.

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      Gender Pay Gap Narrows Only Marginally in Europe

      2020-11-06

      Reuters: The pay gap between men and women doing the same job in Europe narrowed only marginally this year, the European Commission said on Friday, even though a vast majority of EU citizens support eliminating that difference.

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