The European Commission is consulting on how the Sustainable Finance Disclosures Regulation (SFDR) is implemented and whether to build out Articles 8 and 9 into fund labels or create new, investment strategy-based labels. It has launched two consultations, one targeting financial services and the sustainable finance sector (including NGOs and other relevant bodies), aiming to … Read more
The ability to raise money at the grassroots for climate litigation is a factor in its continued rise across the globe, with new methods and areas of focus coming to the fore. These were some of the topics discussed by panellists at a recent briefing on the increase in climate litigation, hosted by UK Sustainable … Read more
A group of investors has asked chemicals companies to make public commitments to long-term ambitions for net-zero chemicals production by 2050 or earlier. Led by Institutional Investors Group on Climate Change (IIGCC), the group of 20 investors, including Nordea Asset Management, PGGM and Robeco, have published a number of expectations designed to build on and … Read more
Just 4% of revenue from Europe’s listed companies is positively contributing towards the Sustainable Development Goals (SDGs), a study from impak Analytics has found. The annual SDG Summit taking place next week marks the halfway point to achieving the goals, and yet the UN has reported the world is “far off track”. Many companies and … Read more
Considerable investment is poised to flow into natural capital as collaborative efforts from the Forest Investor Club (FIC) come to fruition. Led by the World Business Council for Sustainable Development (WBCSD), the FIC – whose members include BTG Pactual Timberland Investment Group, the US International Development Finance Corporation, Lombard Odier Investment Managers and Mirova – … Read more
California has become the first state in the US to force companies to publicly report greenhouse gas emissions and disclose climate-related financial risk. The passing of SB-253 means that accurate and comprehensive data that is subject to an assurance engagement performed by an independent third-party assurance provider will now be required to determine a company’s … Read more
Biodiversity is shooting up investors’ ESG agenda in line with mounting concern about how quickly ecosystems and natural capital are eroding, says Sustainable Fitch in a new report. As a result, thematic and impact investors are expected to focus more attention and resources on nature and biodiversity in the coming years. “Although biodiversity remains a … Read more
FTSE companies should be given credit for moving on from the masculine ‘Dark Ages’ of the 1990s to where we are today with over a third of boards made up of women – but organisations now need to look at the grassroots and overall organisations to improve gender diversity, says Aegon’s Miranda Beacham. In this Green … Read more
Tobam has launched civil and democratic rights focused funds that ‘strongly mitigate exposure to countries governed by autocratic regimes’. The Paris-based firm said the new offering, LBRTY, seeks to provide an equities investment vehicle that will exclude non-democratic countries based on factors including civil liberty, inclusiveness, rule of law and corruption. The firm will construct … Read more
Robeco has launched its first Article 9 sustainable climate high yield fund. The Climate Global High Yield Bonds strategy is aimed at actively lowering carbon footprints via high yield investments, measured against a Paris-Aligned Benchmark by Solactive. The strategy uses the potential sustainability impact of asset owners, from a bondholder’s perspective. It is suitable for … Read more