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ESG Newsletter

    AllianzGI Warns It May Vote Down Big Payouts if Firms Have Cut Jobs

    2021-02-22 

    The Guardian: Asset manager says it will also scrutinise generous pay packages if companies have had state aid in pandemic. 

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    Human Rights and Climate Crisis Give HSBC an Image Problem

    2021-02-21 

    The GuardianThe bank, which is due to reveal its annual results this week, faces more challenges than the impact of Covid-19 on profits. 

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    Investors Pressure UK Companies to Comply With Modern Slavery Laws

    2021-02-18 

    Institutional Asset ManagerA GBP3.2 trillion investor coalition against modern slavery, including Aberdeen Standard Investments, Church of England Pensions Board, Legal & General and Rathbones, has put pressure on 22 laggard companies on the FTSE 350 to comply with the UK’s modern slavery laws. 

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    Hedge Fund Boss Odey Fails to Strike Out Indecent Assault Case

    2021-02-18 

    ReutersA London judge on Thursday rejected an attempt by the lawyer of Crispin Odey, one of Britain’s most high-profile hedge fund managers, to throw out an historic indecent assault case early. 

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    Scottish Widows Picks 4 to manage ESG Fund Options

    2021-02-17 

    Pensions & Investments: Scottish Widows' Master Trust, a U.K. defined contribution multiemployer plan, selected four managers to manage the assets of four newly launched ESG investment options, a spokeswoman confirmed. [Full article available to Pensions & Investments subscribers.] 

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    New UK Centre Aims to ‘Transform Availability of Climate Data in Finance’

    2021-02-15 

    IPE: A new centre is being launched in the UK with the aim of arming financial institutions with the data and analytics they need to contribute to the shift to environmentally sustainable economic activity. Asset owners have been keen to support the project. 

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    HSBC Suspected of Greenwashing As Lawyers Urge Bank to Clean Up

    2021-02-11 

    City A.M.Lawyers for an environmental charity have written to HSBC to remind it of its legal duties with regard to climate risk, as the banks mulls supporting a climate change resolution ahead of its next annual general meeting. 

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    Nordea’s Entire $425 Billion Wealth Unit Is Going ESG

    2021-02-09 

    BNN Bloomberg: The entire wealth and asset management business of Nordea Bank Abp - which currently oversees about $425 billion - may exclude all investments that aren’t deemed sustainable in as little as half a decade. 

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    ESG Fund Flows Gain Half of Market Share

    2021-02-09 

    Funds Europe: Just over half of fund flows in Europe last year went into ESG products – with investors showing a strong preference for actively managed ESG funds. 

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    NBIM Warns EC Against Dogmatic Rules on ESG Skills for Boards

    2021-02-08 

    IPEThe manager of Norway’s NOK11trn (€1.1trn) oil fund has backed ideas from the European Commission on sustainable corporate governance, but warned that setting hard and fast rules about the specific expertise boards should have could cause problems. 

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