The increased sensitivity to climate risk principally penalises the world’s poorest countries that are climate vulnerable through no fault of their own. Making matters worse, sovereign risk pricing rarely rewards countries that invest in low carbon transitions and climate resilience. The integration of nature-related risks into financial decision-making is reinforcing this damaging asymmetry – those … Read more
Mikkel Bates, regulatory manager at FE fundinfo and ESG Clarity Committee member Reflecting on what has been a tumultuous 2022 for ESG and markets in general, what has been your biggest challenge and how have you overcome it? We have said it every year for the last three or four years that the previous one … Read more
Lloyd McAllister has left his role as head of ESG research at Newton IM, joining asset manager Carmignac as head of sustainable investment. McAllister (pictured) was a member of Newton’s senior leadership team, and led ESG research at the firm for just over a year and a half. He joined the business as a responsible … Read more
Mercer has appointed Brian Henderson as head of sustainable investment for UK, Europe and IMETA, promoting him from the position of head of defined contribution consulting. Meanwhile, the global consultancy has also promoted Kate Brett as the firm’s global intellectual capital leader for sustainable investment (SI). She was previously head of the Europe SI team, … Read more
EQ Investors has promoted two individuals, while hiring a head of investment operations. Louisiana Salge becomes head of sustainability, moving up from senior sustainability specialist. She joined the wealth manager as a graduate intern in May 2018. In her new role, she will be responsible for leading EQ’s sustainable and engagement initiatives. Kasim Zafar has … Read more
Institutional investors from across the world representing $2.2trn have co-filed a shareholder resolution pressuring Glencore to shed light on its thermal coal projects, and how they align with the group’s public commitment to support the Paris Agreement’s goals. The investors – Legal & General Investment Management (LGIM), HSBC Asset Management Swiss based Ethos Foundation, on … Read more
MJ Hudson has recruited Mark Thompson as director within its ESG & sustainability business. The firm said Thompson is a sustainability and ESG professional with 30 years’ experience working across consulting and banking companies, most recently at Barclays and before that at PwC. He joins MJ Hudson’s London office. Emma Bickerstaffe, MD of MJ Hudson … Read more
The International Sustainability Standards Board (ISSB) will set up an office in Beijing to coordinate its work throughout Asia, its parent organisation has announced. The new representative office will open in mid-2023 and will host meetings of the ISSB and its various advisory bodies. It will also serve as a base initially for ISSB member … Read more
Sustainable investing RIA Earth Equity Advisors has been acquired by Prime Capital Investment Advisors, the firms announced today. The deal gives Prime Capital an injection of $151m in assets under management and a practice focused on sustainable, responsible and impact investing, the companies stated. Prime Capital, a wealth management firm based in Overland Park, Kansas, … Read more
The SEC is expected to release final regulations targeting ESG investing over the next 10 months, while the Department of Labor continues to work on the next iteration of a major investment advice rule. Those updates are contained in the latest federal regulatory agenda released Wednesday by the Office of Management and Budget. The SEC’s roster of activity encompasses … Read more