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.
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.
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.
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.
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.
LGIM has launched an indexed global equity unit trust with a climate tilt.
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.
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.
First State Investments has begun disclosing its exposure to climate risk across a number of asset classes.
While the Paris Climate Summit is kicking off in less than a week, questions remain about what impact it will actually have on investor sentiment.
Green technology may drive policy after the upcoming climate conference, which could create investment opportunities, according to manager of Jupiter Green Charles Thomas.
Jupiter has renamed its Climate Change Solutions fund to, as it says, “better reflect the dynamic development of the environmental sector”.
