Legal & General Investment Management (LGIM) will be using its shareholder vote at company AGMs to put pressure on companies to take action to respond to climate change and demonstrate they are taking measures to move to a low carbon economy.… Read the rest
The Global Sustainable Investment Alliance (GSIA) has released its biennial Global Sustainable Investment Review 2016, which shows that global sustainable, responsible and impact (SRI) investment assets reached $22.89 trillion at the start of 2016, 25% more than in 2014.
The report brings together the findings of the sustainable investment forums from Europe, the United States, Canada, and Australia and New Zealand.… Read the rest
The Organisation for Economic Co-operation and Development (OECD) has published its paper, Responsible Business Conduct for Institutional Investors, which explains how they can apply the OECD Guidelines for Multinational Enterprises.
The paper was launched online by the UN’s Principles for Responsible Investment (PRI) which is leading a project to support investors to adhere to the OECD guidelines.… Read the rest
The German stock exchange, Deutsche Börse, is to launch a sustainable finance initiative in May with the aim of establishing new interdisciplinary structures for sustainable entrepreneurship along with some 100 of the financial centre’s key participants in order to explore new business areas.… Read the rest
The world’s most ethical companies in 2017 have been reveal by Ethisphere. The thinktank, which aims to measure and standardise ethical business practice, has identified the 124 companies spanning five continents, 19 countries and 52 industry sectors.
Since 2007 Ethisphere has been honouring the companies which recognise their role in society to influence and drive positive change in the business community and societies around the world.… Read the rest
Yes, says UK-based environmental think tank, E3G, which also believes global investors to rapidly increase their environmental, social and governance (ESG) capacity and to train all staff to be aware of ESG issues. According to E3G’s research, a third of the investor signatories to the Principles for Responsible for Investment (PRI) do not employ any ESG specialists and that a further 20% employ only one such expert.… Read the rest
US responsible investment investors have secured a greater commitment from asset management giant BlackRock that it will be engaging with its investee companies on climate risk. The group hopes that this could also mean BlackRock supports some climate change shareholder resolutions during the 2017 proxy voting season.… Read the rest
Despite being signatories to the Principles for Responsible Investment, the RI disclosures of Europe’s largest asset managers are extremely varied in quality, according to new research by advocacy group, ShareAction.
ShareAction rated the disclosures of 40 leading fund managers which collectively invest over €21 trillion (£18 trillion) on behalf of pension schemes, charities, universities, and individuals across the world. … Read the rest
The European Coalition for Corporate Justice (ECCJ), along with the French corporate accountability platform, Forum Citoyen pour la RSE, has called for European countries, EU institutions and the wider international community to follow the lead of France which has established a duty of vigilance obligation for parent and subcontracting companies.… Read the rest
The UK auto enrolment pension scheme provider NEST has adapted its investment approach so that its default fund is invested in a new fund that responds to the challenge of climate change. This will be managed by UBS Asset Management and has been developed in partnership with the NEST in-house team.… Read the rest
The Organisation for Economic Co-operation and Development (OECD ) has published its due diligence guidance for responsible supply chains in the garment and footwear sector in line with the OECD Guidelines for Multinational Enterprises (MNE guidelines) and UN Guiding Principles on Business and Human Rights.… Read the rest
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