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New Climate Rules and Guidance for UK Pensions

Chris Hall

Government plans to ease access to illiquid assets, but expects more robust stewardship. Coffey also confirmed the introduction of new rules requiring pension scheme trustees to report on the alignment of their portfolios with the goals of the Paris Agreement, taking effect from 1 October. degrees Celsius.

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PRI: Policymakers Must “Establish Coherence” on Investor Stewardship

Chris Hall

It instead noted that policies should “consistently promote the appropriate use of stewardship by investors as part and parcel of discharging their duties”. The PRI’s guide also said there will likely be greater emphasis on implementation and greater scrutiny of the actions that investors are taking over stewardship.

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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. . “ Plotting a path to Paris .

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Trustees Must Overcome Data Gaps to Report on Paris Alignment – UK DWP

Chris Hall

Data gaps shouldn’t prevent large pension schemes from beginning to measure and disclose the extent of portfolio alignment with the Paris Agreement, said the UK government following its consultation on climate and investment reporting. C temperature pathway.

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Stewardship Nears Breaking Point

Chris Hall

Oil and gas major Shell is under increasing pressure ahead of its annual general meeting (AGM) on 23 May, with asset owners like PGGM and the Church of England Pensions Board announcing their support for a shareholder proposal calling for the company to align its Scope 3 emissions target with the Paris Agreement. Car manufacturer Toyota is facing (..)

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Take Five: Think Big

Chris Hall

Previewing the IEA’s annual World Energy Outlook, Executive Director Fatih Birol said the “age of seemingly relentless growth is set to come to an end this decade, bringing with it significant implications for the global energy sector and the fight against climate change”.

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Keeping Up with the Neighbours 

Chris Hall

New Zealand’s Minister for Climate Change James Shaw tells ESG Investor that Australia and New Zealand have a uniquely close relationship. “2023 is the 40 th anniversary of Closer Economic Relations,” Shaw says. “2023 is the 40 th anniversary of Closer Economic Relations,” Shaw says. “By By working together we can achieve more.