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ESG Newsletter

    LPs Failing Engagement in Private Equity

    2019-06-17

    Top 1000 Funds: Engagement and stewardship are topics of increasing important to asset owners, either directly for the assets they manage or indirectly through their external asset managers. Historically, the focus has been public equities although interest is rapidly growing in fixed income as well.

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    Stepping Up Our Game on Environment and Social Issues

    2019-06-13

    Devex: For nearly two decades, the International Finance Corporation has been a global leader in establishing Environmental and Social Performance Standards, and good corporate governance practices for our clients. We are experienced experts in all these fields.

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    Credit Agricole Adopts Sweeping Climate Change Policy

    2019-06-13

    Morningstar: The group's new policy has three prongs: corporate governance overseeing its climate strategy, encouraging clients to transition into green energy and realigning loans, investments and assets to further the goals of the Paris agreement of keeping global warming at or below 2 degrees Celsius by the end of the century, Credit Agricole said. 

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    Investors See ‘Material Risk’ in Ignoring ESG

    2019-06-11

    Institutional Investor: Asset owners expect environmental factors will become more pertinent to their investments than traditional financial criteria over the next five years, with more than 80 percent indicating it would be a “material risk” not to integrate ESG factors, UBS Asset Management said.

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    Concerns Over Environment a Big Priority with Investors

    2019-06-10

    Pensions & Investments: Infrastructure — not unlike other asset classes — faces increased scrutiny from asset owners aiming to limit adverse impacts on the environment, including through investments that specifically target the United Nations' Sustainable Development Goals.

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    TCFD Report Finds Encouraging Progress on Climate-related Financial Disclosure

    2019-06-05

    Financial Stability Board: The Financial Stability Board (FSB) welcomed the publication today of the 2019 Status Report by the industry-led Task Force on Climate-related Financial Disclosures (TCFD). The Status Report provides an overview of the extent to which companies in their 2018 reports included information aligned with the core TCFD recommendations published in June 2017.

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    Can Finance Crack Modern Slavery?

    2019-06-05

    Top 1000 Funds: While the onus is primarily on company supply chains, banks, asset managers and financial services also have big roles to play, according to James Cockayne, director at the Centre for Policy Research at United Nations University.

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    HSBC GAM to Launch New Green Bond Fund

    2019-06-04

    Institutional Asset Manager: IFC, an anchor investor, and HSBC intend to commit up to USD100 million and up to USD75 million respectively to the fund. IFC is a member of the World Bank Group and a leader in catalysing private sector participation in sustainable financing. Since 2010, IFC has issued 143 green bonds in 16 currencies, totalling USD9 billion.

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    US lags Europe on regulation of ESG investing

    2019-06-03

    Expert Investor: In the whitepaper ‘The Evolving Approaches to Regulating ESG Investing’, Morningstar said in the US, where climate change is a “contested concept”, ESG investment factors must be justified by explaining “why,” while in Europe they must explain “why not”.

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    Church of England Leads Shareholder Rebellion at Exxon

    2019-05-30

    IPE: Exxon shareholders staged a significant rebellion yesterday at the company’s annual general meeting registering 40.8% support for a proposal to separate the positions of chair and CEO.

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