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More than 80% of U.S. Board Directors Prefer Executives Stay Quiet on Social Issues: Report

More than 80% of U.S. Board Directors Prefer Executives Stay Quiet on Social Issues: Report

Corporate boards in the U.S. see significant risk to their companies in speaking out on social issues, in an environment of heightened political scrutiny, with less than a fifth of directors believing that they should encourage C-Suite leaders to speak publicly to reinforce company values, according to a new survey released by board education provider Corporate Board Member, GRC solutions…

SBTi Pushes Back Timeline for New Corporate Net Zero Standard

SBTi Pushes Back Timeline for New Corporate Net Zero Standard

The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of limiting climate change, unveiled its updated plans for the process to develop its new Corporate Net Zero Standard. The SBTi launched its flagship Corporate Net-Zero Standard in 2021, used to assess and certify companies’ decarbonization commitments to achieve net…

IA: Jargon remains a barrier to SDR adoption despite high adviser appetite

Vague wording and jargon remain among the biggest barriers to investing in sustainable funds, despite increased appetite for sustainability among advisers and retail investors. A survey conducted by the Investment Association and The Wisdom Council found that 52% of retail investors are aware of the FCA’s new SDR labelling regime, with 94% saying they find the labels to be helpful….

‘Be prepared to revisit regulation’ around stewardship efforts

The Financial Reporting Council (FRC) must be “open to change” and accept the cultural shift in stewardship efforts in its consultation of a revision of the code, according to a panel at the at the Investment Association (IA)’s Stewardship & Corporate Governance forum last week. Moderated by Andrew Ninian, director of stewardship risk and tax at the IA, the panel…

EM Blended Finance Fund Sees Soaring Investor Demand

Mirova seeks to support SDGs with investments in Global South agriculture and agroforestry underway. Mirova’s Sustainable Land Fund 2 (MSLF2) is on track to hit its €350 million (US$363.4 million) fundraising target two years ahead of schedule, with institutional investor interest a key driver. The French asset manager’s blended finance fund focused on sustainable land use in the Global South reached €100…

Advisers maintain ESG commitments as industry evolves

The conversation around ESG investing has undoubtedly become more polarised lately. Once uncontroversial and seen as a force for good, it is sometimes now the subject of scepticism and political controversy on the one hand and concerns over greenwashing on the other. Some asset managers – especially US-based – have also left the important industry-wide climate alliances, due to perceived…

Shakeout: Resetting sustainable investors’ expectations

Shakeout: Resetting sustainable investors’ expectations

Headlines are grim for sustainable investments. But headlines are frequently misleading. To paraphrase Mark Twain, the figures suggest reports of its death may be somewhat premature.  First of all, though, a caveat: how one defines “sustainable” greatly affects the calculation, as does the market on which one focuses. Here I’m focusing on the UK market, with a rather restricted definition…

“Tougher” Stewardship Needed from UK Pensions

Campaign group accuses big name providers of “lethargy” on climate and nature action.  An assessment of large UK pension providers has found that existing stewardship efforts are falling short of driving positive climate- and nature-related performance across their portfolios.   UK-based campaign group Make My Money Matter (MMMM) has published a report analysing the country’s 12 largest pension providers on…

“Tougher” Stewardship Needed from UK Pensions

Campaign group accuses big name providers of “lethargy” on climate and nature action.  An assessment of large UK pension providers has found that existing stewardship efforts are falling short of driving positive climate- and nature-related performance across their portfolios.   UK-based campaign group Make My Money Matter (MMMM) has published a report analysing the country’s 12 largest pension providers on…