IPE: Short of flying someone to Mexico City to knock on the door of the mining and transport company’s headquarters, the Danish pension fund had done all it could. Selling off its DKK13m (€1.7m) block of shares in Grupo México was not what ATP really wanted to do at the end of last year.
Financial Times: Nearly one in five FTSE 350 companies have been cautioned over a lack of women on their board and executive committees, as big investors increasingly demand that businesses pay more heed to diversity. [Full article available to Financial Times subscribers.]
Citywire Selector: European green bonds have grown considerably in recent years but continued scepticism and limited oversight regarding labels could be limiting its true potential.
Funds Europe: A number of UK pension schemes say they struggle to report on their ESG policies to a high standard and are largely unfamiliar with risks associated with climate change.
Citywire Selector: UK asset management firms face an increased ESG workload to meet growing demand from clients, while regulatory pressures around stewardship will start to add up.
IPE: Impact investment is now a widespread strategy among institutional investors in the Nordic region, according to a new survey that shows 43% of the entities currently invest using this environmental, social and governance (ESG) approach.
Reuters: European leveraged loan and high-yield bond buyers are pushing companies they invest in to have a standard disclosure on environmental, social and governance, a move that is likely to turn up the heat on ESG adoption in the leveraged finance market.
Reuters: Agencies that issue ratings on how much companies and financial products are exposed to climate change need better supervision to help crack down on “greenwashing”.
Bloomberg: BlackRock Inc.’s Paris office was briefly barricaded on Monday by climate activists who sprayed red paint on the floors and covered the walls with graffiti before leaving the premises of the world’s largest asset manager.
The Asset: European Union member states and the European Parliament are soon expected to adopt a so-called taxonomy for classifying green investments, after reaching agreement last month on a list of sustainable economic activities. Once the new system enters into force, most likely this year, the European Commission will use this list to determine which financial assets and products are sustainable.
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