In this Green Dream interview, Sondre Myge, head of ESG at Skagen Funds, answers questions on how Skagen engages with companies, trends in the ESG space and how the industry is moving from the first iteration of ESG to “evolved version”. Watch the full video interview above and read the transcript below. HD: Hello, I’m Holly Downes and welcome back…
Red flags to look out for in corporate transition plans
Transition plans could become a tool of large-scale greenwashing without coherent requirements, Reclaim Finance has stated. In its report, Corporate Climate Transition Plans: What To Look For, the organisation said there are many diverse frameworks around transition planning at a global level but trying to understand the different requirements has left companies scratching their heads, according to Paul Schreiber, senior…
Investors Face Rising Direct Risk from Climate Litigation
While indirect risks currently remain predominate, litigation could target asset owners following increased focus on financial institutions. Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve. Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty,…
China Revamps Voluntary Carbon Market
New certified emission reductions will include nature-based solutions as country completes carbon market architecture. The relaunch of China’s voluntary carbon market (VCM), also known as the China Certified Emission Reductions (CCER) scheme, is set to include nature-based solutions and the requirement for a science-based methodology that will ensure quality. Launched on 22 January, the revamped CCER scheme will allow any…
UBS Appoints Beatriz Martin Jimenez as Group Executive Board Lead for Sustainability and Impact
UBS announced the appointment of Beatriz Martin Jimenez as its new Group Executive Board (GEB) Lead for Sustainability and Impact, taking the role over from Suni Harford, following her decision to retire from the bank. Martin Jimenez joined UBS in 2012, and has held a series of senior business and finance roles at the bank, including Investment Bank Chief of…
Majority of Investors Planning to Increase Sustainable Investments this Year: Morgan Stanley Survey
More than half of investors are planning to increase their allocations to sustainable investments over the next year, as interest in sustainable investing remains high, and continues to grow, according to a new study released by Morgan Stanley, which found that a large majority of investors believe that strong ESG practices can lead to better long-term returns. For the report,…
Man GLG: Japan’s ‘most radical corporate reform in a generation’
The improvements witnessed so far in Japan are just the start of a long-term upward trend in corporate reform in the nation, Man GLG portfolio manager Emily Badger, who said corporate Japan is “undergoing the most radical reform in a generation”. After the Tokyo Stock Exchange (TSE) announced an improvement order to require any company trading below a price-to-book value…
Investors Caught Between Greenwashing and Green Blushing
Market players do their best to navigate a sea of regulation that often lacks harmony and consistency across regions. The global investment community is walking a “tightrope” between greenwashing and green blushing as it strives to stay abreast of regulatory developments that continuously ramp up accountability on sustainable investing, industry sources have sad. Speaking during an event held by global…
Implementing SDR is not like Consumer Duty
The Financial Conduct Authority’s policy statement and final rules on Sustainability Disclosure Requirements (SDR) and investment labels, published last November, contained a number of different implementation dates, ranging from the end of May 2024 to December 2026. Although the timeline is longer, it may feel similar in nature to the implementation of the Consumer Duty last July, which came with…
Green government: Sustainability wish list for the UK election
The UK is on track for a general election this year, with current Prime Minister Rishi Sunak hinting it will likely take place in the second half of 2024, though he could string out his term until January 2025. Ahead of a flurry of candidate promises, ESG Clarity asked the sustainability sector for its essential ESG policy wish list. Policy…