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WTW Appoints Peter Carter as Head of Climate Practice

WTW Appoints Peter Carter as Head of Climate Practice

Advisory, broking and solutions company WTW announced today that it will refocus its climate practice on helping clients quantify, mitigate and transfer climate related risks. As part of the move, WTW said that it will bring its climate and Risk & Analytics capabilities more closely together under common leadership, and announced the appointment of Peter Carter as leader for the…

Net Zero Progress by Firms and Governments “Still Too Slow”

Companies that wait to transition until there is a stronger policy response will face higher costs and a shorter window to achieve net zero commitments. Climate policy response by governments and investment in clean technologies must be accelerated to keep temperature rise near 1.5°C, according to industry experts speaking at Morningstar’s ‘Sustainable Investing Summit 2023’. Ada Kinczyk, Director of Research…

CFA Bids for “More Representative” UK Investment Industry

Signatories to new code must commit to core principles, as association calls for “far more” action on DEI.  The CFA Institute has launched the Diversity, Equity, and Inclusion Code for the Investment Profession (DEI Code) for the UK with the goal of accelerating change, improving representation and bolstering industry resilience.   The global association of investment professionals said the code would…

Slow Corporate Response to Mental Health Crisis

Low rates of CEO advocacy, target-setting and disclosure have resulted in underwhelming overall performance against benchmark.  Companies globally are getting to grips with creating a positive environment for mental health in the workplace, but progress remains slow.   CCLA Investment Management’s second annual CCLA Corporate Mental Health Benchmark Global 100+ has assessed 110 of the world’s largest listed companies on…

MSCI Acquires Carbon Markets Advisory Trove Research

MSCI Acquires Carbon Markets Advisory Trove Research

Investment data and research provider MSCI announced today an agreement to acquire Trove Research, a specialist data, analysis and advisory firm focused on corporate climate action, carbon markets and the energy transition. The move marks MSCI’s entry into the rapidly evolving carbon market ecosystem, which includes banks, exchanges and developers. In addition to supporting MSCI’s goal to offer expanded climate…

ESG Clarity Awards 2023: The winners

ESG Clarity Awards 2023: The winners

Companies and individuals that can put their head above the parapet and show continued dedication in trying times is something that should be showcased and celebrated. The past two years have been a trickier period for the responsible investment industry. More challenging market conditions have affected fund performance and flows, new regulation has tested firms’ compliance departments and product development…

CFA targets ‘cultural change’ as it launches UK diversity code

CFA targets ‘cultural change’ as it launches UK diversity code

CFA Institute has launched the UK edition of its voluntary diversity, equity and inclusion (DEI) code for the investment profession designed to support organisations seeking to accelerate change by fostering a commitment to DEI. Signatory firms would commit to six metrics-based principles under the DEI Code intended to enable the greater inclusion of wider viewpoints from the best talent, with…

A Fair Day’s Wage for a Fair Day’s Work

Investors focused on executive remuneration are looking to close the CEO-to-worker pay ratio.  The average annual salary in the UK, EU and US is £32,000, €33,500 and US$54,132 respectively. Meanwhile, company CEOs are receiving annual remuneration that often edges into the millions.  While the responsibilities of a CEO or other c-suite executives – and the skills it takes to be…

SFDR Consultation: Paving the way to formalise EU fund labeling?*

The European Commission initiated two consultations on 14 September 2023 to gather feedback on the Sustainable Finance Disclosure Regulation (SFDR). The goal is to assess SFDR’s implementation progress since March 2021 and find ways to enhance its effectiveness against greenwashing. The consultations target general stakeholders and experts in sustainable finance. They focus on improving clarity, usefulness of disclosures, costs, data,…