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Industry News: ESG5

Women Awarded Tiny Fraction of UK Venture Capital Funds

2019-02-03 

Financial Times: Less than one per cent of venture capital funds in the UK go to start-ups run entirely by women, government-commissioned research has found, revealing another yawning gender gap in the business world. The UK VC & Female Founders report for the Treasury discovered that for every £1 of VC investment, all-female founder teams get less than 1p. All-male founder teams get 89p and mixed-gender teams get 10p...

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Danish SDG Investment Fund Reaches DKK 5BN

2019-01-28

IFU: In June 2018, IFU signed an agreement with PKA, PensionDanmark, PFA, ATP, JØP/DIP, PenSam and Navest to establish the Danish SDG Investment Fund, which will support the UN Sustainable Development Goals through commercial investments. The total capital commitment in the first closing was DKK 4.1bn. In a second and final closing, commitments have been obtained from three additional investors: SEB Life & Pension, Secure SDG Fund and Chr. Augustinus Fabrikker Akts. With these three investors, the total commitment reached DKK 4.85bn, which is very close to the original target of DKK 5bn.

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Thematic Boutique Partners with Non-Profit Group for Climate Fund

2019-01-31

CityWire Selector: The new strategy will have an investment universe of 700 stocks across all geographies and sectors, made of global equities that best manage climate-related risks.

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Dutch Regulator Warns of €97bn ‘Water Scarcity’ Risk

2019-01-23

IPE: Dutch regulator De Nederlandsche Bank (DNB) has urged pension funds to map out social and ecological risks to their investments and minimise underlying problems if necessary.

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ABP to Commit €500m to Green Mortgages

2019-01-21

IPE: The €409bn Dutch civil service scheme ABP has committed €500m to “green mortgages”, which come with a discount for energy-efficient residential property.

The discount would not only apply to purchased assets with the highest energy efficiency, but also to the mortgaged property after it has been converted to meet the requirements of energy label ‘A’ during the duration of the mortgage.

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Investors Support Baltic Cleanup Through New Bond Issue

2019-01-25

Investment Europe: Nordic investors have highlighted a new fixed income instrument designed to support the cleanup of the Baltic Sea, one of the most polluted parts of the world's oceans.

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ESG: UK Fund Management Body Proposes Standard Definitions

2019-01-25

IPE: The trade body representing UK asset managers has launched an industry-wide consultation on sustainability and responsible investment in a bid to bring more clarity to the growing area of activity.

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AP1 Divests from Nuclear Weapons, Tobacco and Fossil Fuels

2019-01-18 

IPE: AP1, one of Sweden’s four main national pension buffer funds, has divested from a number of controversial industries following the introduction of new investment guidelines.

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Merseyside, People’s Pension Allocate to ESG Smart Beta Funds

2019-01-18

IPE: The £9bn (€10.1bn) Merseyside Pension Fund has invested £400m in a new worldwide equity climate fund, run by State Street Global Advisors.

The All World Equity Climate Balanced Multi-Factor Index fund was designed to align Merseyside’s responsible investment policy and activities with the goals of the 2015 Paris climate accord, the pension fund said.

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Eurosif Launches Strategy Review in Light of ESG Regulatory Changes

2019-01-17 

IPE: Eurosif, the Brussels-based pan-European sustainable investment organisation, has launched a strategic review to inform its future mandate, including how to best support implementation of EU sustainable finance measures, it announced today.

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