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Take Five: Seen and Heard in Tokyo

A selection of this week’s major stories impacting ESG investors, in five easy pieces.  The UN Principles for Responsible Investment’s PRI in Person 2023 event offered valuable insights into investors’ current and future ESG priorities. Making the future – The sheer fact of Japan PM Fumio Kishida’s presence at the Principles for Responsible Investment’s annual conference in Tokyo this week…

FCA Plans to Relax Forward-looking Statement Rules Risks Greenwashing  

The UK regulator plans to introduce a protected status for some forward-looking statements.   Proposals by the UK’s Financial Conduct Authority (FCA) aimed at encouraging listed companies to make more informative forward-looking statements in their prospectuses could lead to a “proliferation in negligent greenwashing”, litigation finance provider Woodsford has warned.   Currently, under FCA rules the burden is on an…

FCA Plan to Relax Forward-looking Statement Rules Risks Greenwashing  

The UK regulator plans to introduce a protected status for some forward-looking statements.   Proposals by the UK’s Financial Conduct Authority (FCA) aimed at encouraging listed companies to make more informative forward-looking statements in their prospectuses could lead to a “proliferation in negligent greenwashing”, litigation finance provider Woodsford has warned.   Currently, under FCA rules the burden is on an…

Adaption Finance Key to Avoid Stranded Net Zero Assets – GFI 

Policy rethink on capex and opex vital to spur adaptation investments, say experts.  Net zero assets risk being stranded if barriers to climate adaptation and resilience are not addressed, Emma Howard Boyd, Chair of the UK’s Green Finance Institute (GFI) has warned.   Boyd was speaking at the Organisation for Economic Co-operation and Development’s (OECD) Forum on Green Finance and…

Mirova Launches $2 Billion Energy Transition Infrastructure Fund

Mirova Launches $2 Billion Energy Transition Infrastructure Fund

Sustainability-focused investment manager Mirova announced the launch of Mirova Energy Transition 6 (MET6), a new investment fund focused on energy transition infrastructure, and supporting decarbonization in Europe. The launch follows Mirova’s announcement last year that its prior energy transition fund, MET 5 succeeded in raising €1.6 billion in less than 18 months, significantly surpassing the firm’s initial €1 billion target….

Infosys, Economist Impact Launch Platform to Track and Address Scope 3 Emissions

Infosys, Economist Impact Launch Platform to Track and Address Scope 3 Emissions

Technology, digital services, and consulting companyInfosys and Economist Group division Economist Impact, announced today the launch of the Value Chain Navigator (VCN), a new platformaimed at helping businesses understand and reduce their scope 3 value chain emissions.                       Scope 3 includes all indirect emissions that occur in the upstream and downstream activities of an organization’s value chain. These can include emissions…

Asset Owners Continuing to Increase Allocations to ESG Investments Despite Growing Challenges: Morningstar

Asset Owners Continuing to Increase Allocations to ESG Investments Despite Growing Challenges: Morningstar

Asset owners are increasing allocations into strategies that integrate ESG factors, despite reporting growing regulatory and data quality barriers to ESG implementation, according to a new survey released by investment research firm Morningstar. For the report, “Voice of the Asset Owner Survey 2023,” Morningstar surveyed 500 asset owners, including pension funds, insurance general accounts, family offices and outsourced CIOs in…

Use Climate Experience for Fast TNFD Adoption, Investors Told

Nature-related framework “an additional building block”, according to early adopters. To quickly grasp the scale of their nature-related exposures, investors and corporates should view new reporting and risk management processes as an extension of existing climate strategies, delegates heard at the PRI in Person 2023 event. Snorre Gjerde, Lead Investment Stewardship Manager, Norges Bank Investment Management (NBIM), said investors should…

Giles to Foster Impact Expertise at UK Pensions

New Pensions for Purpose Director will lead project encouraging collaboration and bolstering impact investing among trustees, advisers and fund managers. Richard Giles, newly appointed Senior Director at Pensions for Purpose, intends to create a new community for trustees, advisors and fund managers and use his industry experience to “accelerate the growing use of impact investments”.   On 1 December, Pensions…