Financial Post: For the second consecutive year, Barclays Plc shareholders will vote on whether the bank should wind down its lending to the fossil-fuel sector.
IPE: Pension fund says NGO campaign played no part in decision behind move leading to Elbit Systems dropping out of portfolio.
Institutional Asset Manager: Black Women in Asset Management (BWAM) has launched the BWAM Leadership Accelerator - a transformative six-month programme that will bring together a cohort of high-performing Black women from across the asset management industry (including professional services).
The Guardian: Asset manager says it will also scrutinise generous pay packages if companies have had state aid in pandemic.
The Guardian: The bank, which is due to reveal its annual results this week, faces more challenges than the impact of Covid-19 on profits.
Institutional Asset Manager: A 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.
Reuters: A 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.
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.]
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.
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.