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Take Five: The Waiting is Almost Over

Chris Hall

With the Swiss Re Institute naming the US as the second hardest-hit country by climate change globally in terms of annual economic losses, firms across the country have plenty of incentives to address this material risk. Done deal? – Evolution or revolution?

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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 degrees Celsius.

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Managers not Committing to “Most Impactful” Stewardship Measures

Chris Hall

Despite strong progress by asset managers on stewardship since 2020, voting data disclosure and new policies “are not being matched by real-world action”, reports ShareAction.

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Stewardship Dialogue Must be Ongoing – FCA

Chris Hall

According to Manning, the FCA is keen to identify regulatory constraints on collaborative engagement, which has been used increasingly by asset owners and managers in recent years, particularly to address systemic environmental risks, such as climate change and accelerating biodiversity loss.

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UK Aims to End Uncertainty on Fiduciary Duty

Chris Hall

“Pension funds’ fiduciary duties relate deeply to the interlinked areas of the transition to net zero and investors’ stewardship activities, as well as how investors address broader sustainability issues, such as biodiversity and social issues,” Ellie McLaughlin, Senior Policy Officer at UK NGO ShareAction, told ESG Investor.

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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. . “ The DWP pointed to the IIGCC’s Net Zero Stewardship Toolkit as a useful resource. Plotting a path to Paris .

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

Chris Hall

Sturgeon joins from consultancy firm Mott MacDonald, where she worked as the Regenerative Design and Climate Change Practice Lead for the APAC region. She will focus on the global development of Acadian’s systematic macro business, including building out its sustainable investment framework.

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