Remove 2021 Remove Climate Change Remove Stewardship Code
article thumbnail

Take Five: A Gift from God

Chris Hall

Hollow Shell – Shell scored a hollow legal victory this week when a Dutch court overturned a 2021 ruling that the oil and gas major must cut its Scope 1-3 emissions by 45%. A selection of the major stories impacting ESG investors, in five easy pieces. Transition tensions were evident this week from Baku to The Hague. Back for good?

article thumbnail

Europe’s Next Big Step

Chris Hall

Supervisory authority ESMA is calling for EU-wide stewardship code to hone and standardise investors’ engagement efforts and disclosures. There’s also the stewardship code introduced by the European Fund and Asset Management Association (EFAMA), which was first adopted in 2011.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

An Increasing Sense of Urgency

Chris Hall

According to figures published by The Global Sustainable Investment Alliance in 2021, Japan’s total sustainably invested assets stood at US$42,874 billion in 2020, representing a more than fivefold increase from 2016. These long-held principles of sustainability have filtered down to the world of investment. Mandatory disclosure.

article thumbnail

New Climate Rules and Guidance for UK Pensions

Chris Hall

The DWP issued a consultation last October on proposed changes to the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 to require trustees to calculate and disclose a portfolio alignment metric to show alignment with the goal of limiting climate change to 1.5

article thumbnail

ESG Overload 

Chris Hall

This was followed in 2010 by high level reporting for the Financial Reporting Council’s (FRC) original Stewardship Code. In the UK this coincided with an updating of Stewardship Code reporting requirements and TCFD reporting for pension funds becoming mandatory.” According to Jones.,

article thumbnail

This Week’s People Moves: Simpson Steps Down as CDP CEO

Chris Hall

CDP was also instrumental in the creation of the Science Based Targets Initiative, We Mean Business Coalition and The Investor Agenda, which have contributed to the acceleration of private sector action on climate. “I Our work pioneering climate and environmental disclosure has truly reached the mainstream.

CDP 52
article thumbnail

Trustees to Engage with Future

Chris Hall

Stewardship is widely considered one of the most effective tools in an asset owner’s toolbox to ensure companies are prioritising ESG-related issues, such as mitigating the effects of climate change. . “ Other initiatives have been working to improve stewardship alignment between asset owners and managers. .