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Engagement Alone Unable to Resolve Energy Impasse – PME

Chris Hall

Dutch pension fund PME defended divestment as an effective investor response to the slow pace of decarbonisation in the energy sector at Morningstar’s Sustainable Investing Summit 2023. Speaking at the event, Daan Spaargaren, Senior Responsible Investment Strategist at PME, said although divestment is a blunt tool, the pension fund has witnessed (..)

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Delays Stoke Doubt Over UK Green Finance Policies

Chris Hall

COP27 deadline for Green Finance Strategy likely to be missed, as investors await details on sustainable investment framework. Investors are expecting details this week on the new UK government’s strategy on energy and inflation, but time is running out for updates on key climate and green finance policies ahead of COP27.

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UK FCA Warns on Green Fund Label Abuse

Chris Hall

The UK’s Financial Conduct Authority (FCA) will closely monitor funds’ use of incoming green investment labels, potentially stopping asset managers from using them in the event of misuse. . Regulator’s ESG head underlines need for market confidence, highlights importance of investor engagement. .

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UK Recognises Investor Need for “Clarity and Consistency”

Chris Hall

The strategy focuses on three areas: ensuring transparency across the economy, supporting the development of market pools, and ensuring the necessary transmission channels to shift and scale up the financing of the transition to net zero. “While we may not achieve full international alignment, we will ensure that our taxonomy is science-based.