Tribe Impact Capital, the UK Sustainable Investment and Finance Association, Castlefield Investment Partners and Aviva Investors are among some 400 private sector organisations, universities, NGOs and think tanks that have signed an open letter to UK prime minister Rishi Sunak urging him not to weaken any net-zero policies. “If you do so, we believe this … Read more
As I sit here in London in mid-September during a heat wave after the hottest July and June on record and watch with horror the impact of wildfires around the world, it’s hard to reconcile with a narrative that tackling climate change has become less of an urgent priority. But we are most definitely not … Read more
Sustainable investors have praised the work of the Taskforce for Nature-related Financial Disclosures (TNFD) and welcomed the release of its final recommendations but have stressed that the journey to implementing these disclosures starts now. The TNFD has published its final recommendations for nature-related risk management and disclosure during New York Climate Week, alongside additional guidance to help … Read more
The Investment Association has called on regulators to improve the rules relating to EU-based clients of UK investment managers. The trade body represents 250 investment management firms that collectively manage €3.2trn on behalf of EU investors. The IA’s views are detailed in a report titled Making Investment Better for All. The stated aim is to … Read more
The EU hasn’t exactly covered itself in glory when it comes to setting out clear sustainability disclosure rules or even getting those rules out in the right order. When the timeline was set for the Sustainable Finance Disclosures Regulation (SFDR), the live date was set for 10 March 2021 and, once that date was out … Read more
Investment in UK social impact was up by £1.5bn last year, according to Big Society Capital’s annual sector survey. The social impact investment market was worth £9.4bn at end of 2022, the firm’s market sizing data survey found, up from £7.9bn in 2021. “The continued growth in social investment in this challenging environment is welcome … Read more
Van Lanschot Kempen Investment Management has hired two portfolio managers to its sustainable equity team. Huub van der Riet will join as senior portfolio manager from 1 October. He has 28 years of experience in the financial sector, including the past 23 years at Goldman Sachs Asset Management (formerly NNIP, ING IM). He shaped NNIP’s … Read more
Clearer signals from policymakers about rules for ESG funds, and hopes the interest rate hiking cycle in many countries is about to come to an end, are behind the surge in global green bond issuance in the first half of 2023, asset managers have said. During the first half of 2023, green bond issuance totalled … Read more
Companies considered ESG ‘leaders’ in the UK, as rated by MSCI, are earning an average annual return of 6%, in contrast with the negative performance (-2.5%) by ESG ‘laggards’, according to the latest study conducted by global risk and financial advisory solutions provider Kroll. The ESG and Global Investor Returns Study examines the relationship between … Read more
The Taskforce for Nature-related Financial Disclosures (TNFD) has published its final recommendations for nature-related risk management and disclosure, alongside additional guidance to help market participants get started with integrating assessment and corporate reporting related to nature. The launch of the TNFD’s 14 disclosure recommendations comes after two years of design and development, with the aim … Read more