IPE: UK-based campaign group ShareAction has drafted responsible investment legislation that “raises the ambition of what is expected of fiduciary investors as key actors in the economy and society”.
Pensions & Investments: Institutional investors in Europe have been increasing manager monitoring to ensure they are getting the best environment, social and governance results. [Full article available to Pensions & Investments subscribers.]
Reuters: The British government has for the first time issued a set of standards for asset managers engaged in the multi-billion pound sustainable investment sector as it looks to bolster its green credentials ahead of the next round of global climate talks.
Institutional Asset Manager: Almost all of the largest hubs for green finance are concentrated within Western Europe, a biannual index shows, with Amsterdam, Zurich, and London continuing to lead efforts to finance a sustainable future.
Funds Europe: UK pension funds are planning to increase allocations to renewables over the next five years, according to a report.
Private Equity Wire: Almost two thirds (63 per cent) of UK private equity firms now take into account Environmental, Social and Governance (ESG) principles in their investments but some firms risk falling behind as ESG rises up investors’ agendas.
Financial Times: Legal and General Investment Management is set to warn 500 companies to do more to tackle climate change or risk being publicly named and shamed, in an escalation of a long- running environmental campaign by the UK’s largest asset manager. [Full article available to Financial Times subscribers.]
Bloomberg: Europe is set to become the world leader in green bond issuance and one of the side effects could be a stronger currency. [Full article available to Bloomberg subscribers.]
Funds Europe: Ethnic diversity in business has come into the spotlight again, as investment managers call on FTSE 100 companies to reveal the ethnic make-up of their boards.
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.]