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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. Paris alignment. 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.

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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

It emphasised the importance of trustees raising their climate stewardship ambitions by using Paris-alignment metrics to inform their engagement efforts to ensure they are truly contributing to the goals of the Paris Agreement. .

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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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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.

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Take Five: Think Big

Chris Hall

Birol concurred with the UNFCCC’s Global Stocktake report – which last week confirmed much more action is needed to deliver on the Paris Agreement – insisting “we can speed this up if we put the right new policies in place”. The post Take Five: Think Big appeared first on ESG Investor.

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Keeping Up with the Neighbours 

Chris Hall

The country is also upping its game on stewardship, with New Zealand’s inaugural Stewardship Code launching last year with 17 signatories, says Simon O’Connor outgoing CEO of RIAA. “The Code was developed collaboratively by the industry and responds to our unique context in New Zealand,” he says.