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?
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.
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.
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.
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.
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.
Morningstar: The group's new policy has three prongs: corporate governance overseeing its climate strategy, encouraging clients to transition into green energy and realigning loans, investments and assets to further the goals of the Paris agreement of keeping global warming at or below 2 degrees Celsius by the end of the century, Credit Agricole said.
Institutional Investor: Asset owners expect environmental factors will become more pertinent to their investments than traditional financial criteria over the next five years, with more than 80 percent indicating it would be a “material risk” not to integrate ESG factors, UBS Asset Management said.
Pensions & Investments: Infrastructure — not unlike other asset classes — faces increased scrutiny from asset owners aiming to limit adverse impacts on the environment, including through investments that specifically target the United Nations' Sustainable Development Goals.