Funds holding Exxon silent on investor lawsuit
Oil major accused of misleading shareholders over climate risks
Climate Change
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Brooks Macdonald debuts sustainable team as regulatory scrutiny grows
FCA and PRA tackle green finance in consultation on climate change
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Asset managers face legal heat over climate change
Pension funds urged to make climate risk measures public or face litigation
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Investors threatened with legal action on climate change
Asset allocators face the risk of litigation if they fail to analyse climate risk by using improving data and market practices
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LGIM’s five laggards on climate change
Legal & General Investment Management (LGIM) has named several companies it will vote against and divest across its entire range of equity funds for failing to address climate change. Click through the slides to find out who has been targeted.
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Green funds struggle to detail environmental credentials
Environmental funds are blaming poor data on holding companies for their inability to report on environmental impact as the industry’s methodology for measuring green credentials throws up mixed results.
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Oil majors offside with investors worth $10trn
Climate change has landed oil majors offside with a number of investors representing $10.4trn worth of assets ahead of their annual general meetings (AGMs) over the next couple of weeks.
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Funds rebadging as ESG reaches new heights
Asset managers are increasingly repurposing underperforming funds into ESG products to jump on the sustainable investing trend, but an announcement this week from Franklin Templeton Investments has taken the process to new heights as it repositions a global equities fund into a thematic climate change product.
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FCA leaves pension providers in the dark on climate risk
Pension providers have called on the FCA to provide clarity about their obligations in managing climate risk in contract-based pensions and for the regulator to better align itself with The Pensions Regulator, which oversees trust-based pensions.
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LGIM launches ‘climate tilt’ tracker
LGIM has launched an indexed global equity unit trust with a climate tilt.
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Investment groups reassure as Trump pulls plug on Paris accord
Investment managers have played down Donald Trump’s decision to pull the US out of the Paris climate agreement, saying the effect on companies will be minimal.
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Lombard Odier IM partners with AIM for Global Climate Bond Fund
Lombard Odier IM has rolled out Global Climate Bond Fund, billed as an attempt to tackle the effects of climate change while targeting a higher yield than a typical investment grade portfolio with lower turnover.