Institutional Asset Manager: Almost half of senior managers in the financial services sector are not aware of forced labour and exploitation in the UK, a new report has found.
Funds Europe: European ETFs closed the fourth quarter of 2020 by passing the €1 trillion milestone in assets, while ESG-focused funds saw their assets surge.
GreenBiz: The United Kingdom's largest utility companies are facing calls to publish dedicated strategies that set out how they to intend to manage the social implications arising from the shift from fossil fuels to low- and zero-carbon solutions, amid fears progress to decarbonize the energy sector could stall if companies at the forefront of the transition do not secure a broad social mandate.
Pensions & Investments: Money managers racing to gather environmental, social and governance assets as European asset owners shift to all-ESG portfolios will have to absorb the cost of integrating specialist data if they want to remain competitive on fees, which in Europe are already lower than for non-ESG investments. [Full article available to Pensions & Investments subscribers.]
IPE: The manager of Norway’s giant sovereign wealth fund has given its backing to the IFRS’ idea of creating a Sustainability Standards Board (SSB) alongside the International Accounting Standards Board (IASB) it oversees – but only for financially-material information.
BNN Bloomberg: Swedish social media lit up last month when a well known Black hedge-fund manager vented about discrimination, questioning the country’s prized egalitarian credentials.
Funds Europe: Asset owners in Europe are increasingly demanding for proof that asset managers have sustainability embedded into their firm culture, according to a report by Cerulli Associates.
Bloomberg: A Dutch sustainability expert wants financial giants to apply the lessons of ESG to plants, animals and ecosystems. Some are starting to listen. [Full article available to Bloomberg subscribers.]
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