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Industry News: ESG5

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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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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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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ESG: Evolving Non-Financial Reporting

2019-06

IPE: This month, the European Commission is due to release guidelines on climate-related reporting by companies. These are to supplement existing guidelines on non- financial reporting that the Commission published in 2017 in connection with the EU’s Non-Financial Reporting Directive (NFRD).

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IA Launches Campaign to Boost Number of Black Fund Managers

2019-06-13

Corporate Advisor: This diversity drive is backed by a new report, which details the experiences of black professionals working in the investment management industry as well as black student considering their careers.

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Investors Urge Support for Swiss Human Rights Due Diligence Law

2019-06-12

IPE: Swiss pension funds and other institutional investors are calling upon members of Switzerland’s lower house of parliament to back legislation making it mandatory for Swiss companies to carry out human rights due diligence.

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How the EU’s Sustainability Taxonomy Will Work for Investors

2019-06-12

IPE: The EU’s sustainability “taxonomy” could help investors reduce analysis costs and reputation risks, according to a member of the technical expert group developing the classification system.

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ATP: Green Signals

2019-06

IPE: In the calm of ATP’s red-brick headquarters in leafy Hillerød, four quant managers have spent more than a year integrating environmental criteria into the pension fund’s DKK35bn (€4.8bn) to DKK40bn foreign equities portfolio.

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KPMG Partner at Centre of Bullying Claims Quits Role

2019-06-04

Financial Times: One of KPMG’s most senior partners at the centre of a bullying dispute has quit his role and taken a leave of absence from the Big Four accounting firm after fresh allegations about his conduct surfaced last week.
 

AP2 Quits Holdings in Tobacco and Nuclear Weapons Companies

2019-06-04

Pensions & Investments: AP2, Gothenburg, Sweden, divested from equities and bonds in 60 producers of tobacco and nuclear weapons, a spokeswoman said.

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