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Industry News: ESG5

Spotlight on Investors: AMF Pensionsförsäkring

AMF Pensionsförsäkring is a life insurance company owned by the Swedish Trade Union Confederation and the Confederation of Swedish Enterprise. It manages the occupational pension for over 4 million individuals. As of March 31st 2019, AMF had USD 67 billion of assets under management.

AMF seeks to fully integrate sustainability issues into their asset management activities, including effectively managing carbon-related risks to ensure alignment with the Paris Agreement, voting their proxies, and engaging with portfolio companies. To be included into AMF's portfolios, companies must comply with the UN Global Compact, the OECD Guidelines and cannot be involved in the manufacture and distribution of controversial weapons or coal exploration. Today, the firm is working towards the implementation of an ESG framework for its properties and alternative investments.

Fossil Fuel Policy

Sustainability Report – 2018

Long-Term Matters: Exxon’s AGM – Can Investors Learn From the Slave Trade?

2019-06

IPE: English evangelical protestants allied with the Quakers initiated the campaign to abolish the UK slave trade in the early nineteenth century. Two centuries later, the Vatican has said that climate change is a “moral and religious imperative for humanity”. Will the fate of fossil fuel companies be defined by public, sovereign and religious investors? And can other investors watch from the sidelines?

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Impact Investing Doesn’t Require Sacrificing Returns, GIIN Survey Shows

2019-06-19

Wall Street Journal: Impact investors are meeting their community and environmental goals without giving up financial returns on their deals, an advocacy group’s latest survey shows.

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Sustainable Finance: Commission Publishes Guidelines

2019-06-18

European Commission: The European Commission has today published new guidelines on corporate climate-related information reporting, as part of its Sustainable Finance Action Plan. These guidelines will provide companies with practical recommendations on how to better report the impact that their activities are having on the climate as well as the impact of climate change on their business.

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Number of Hedge Funds Scoring Well on ESG Doubled

2019-06-18

Citywire Selector: Almost twice as many hedge fund firms demonstrated good ESG practices in comparison to last year, LGT Group's annual ESG report found.

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AP2 CEO: Female Board Representation Still Too Low

2019-06-18

IPE: The proportion of women on the supervisory boards of Swedish companies is still too low, according to the head of the SEK335bn (€31.4bn) Swedish national pension fund AP2.

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Investors Target Firms Over Failure to Report Environmental Information

2019-06-18

IR Magazine: A group of 88 investors – including HSBC Global Asset Management, Amundi and Investec Asset Management, and with combined assets totalling more than $10 bn – is pushing for companies to do more when it comes to environmental reporting.

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Banks With $100 Billion in Shipping Loans Get Strict on Climate

2019-06-17

Bloomberg: A group of financiers with $100 billion of loans to shipowners are about to get stricter on the kinds of vessels they’ll finance as part of a drive to improve the maritime industry’s environmental performance.

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German State Signs PRI as Frankfurt Eyes Green Finance Sector

2019-06-17

IPE: Hessen, which includes the city of Frankfurt, has become the first of Germany’s 16 federal states to sign the UN’s Principles on Responsible Investment (PRI).

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LPs Failing Engagement in Private Equity

2019-06-17

Top 1000 Funds: Engagement and stewardship are topics of increasing important to asset owners, either directly for the assets they manage or indirectly through their external asset managers. Historically, the focus has been public equities although interest is rapidly growing in fixed income as well.

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