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December 2009
Pension funds plan UK High Court ‘class-action’ style test suit against RBS
North Yorkshire and Merseyside wait for legal advice on lawsuit.
Shell pension fund manager takes 20% of hybrid power firm
Dutch pension fund also details engagement processes for Q3, 2009
Almost €1bn wiped off European SRI funds, green fund sales rebound pre Copenhagen
SRI funds volatile after September inflows, green funds show reverse.
RI round up: Dec 22
RI’s regular round-up of the most important responsible and clean investment news.
PRI board bemoans institutional climate role in letter to Copenhagen heads of state
Investor interests have had a ‘minimal foothold’ in discussions, says initiative.
Fund manager to €280bn Norway scheme in major governance hires
Norges Bank Investment Management recruits head of core corporate governance and related analysts.
CalPERS joins Norway and APG in climate change asset allocation research project
Mercer led study to look at climate change issues in investment strategy models.
France’s €29bn FRR goes ‘carbon neutral’ with hydropower offsets - tenders €5bn bond mandates
French giants seeks to compensate for 700 tonnes of CO2 emitted per annum.
Dutch corporate funds progress on ESG but fall short of parents’ CSR policies: report
Benchmark compares company funds with industry-wide and public schemes.
US investors welcome Goldman Sachs’ ‘tipping point’ on say-on-pay
Top 30 Goldman directors to take bonuses in shares and be subject to claw-back.
UK mulls low-carbon infrastructure investment institution, names Hermes for clean tech allocations
Infrastructure announcement made as part of pre-budget report.
Dutch pension funds facing total cluster bomb ban after MPs vote
Lower chamber passes vote to outlaw investments in related companies.
IFC and S&P launch low carbon index for emerging markets
Initiative supported by DFID and Global Environment Facility.
Denmark’s ATP in €1bn emerging markets climate investment Copenhagen boost
New fund opened to other institutional investors in climate change fight.
Investors and accountants target corporate climate change disclosure as Copenhagen opens
UK fund, Railpen, to target fund managers on climate change responses; global accountants join reporting call.
CalSTRS endorses new UK investor governance code
US pension fund backs UK code following Walker review.
Big pension funds invest in new World Bank green bond issue
UN pension fund makes second investment.
Investment consultants starting to get ESG message
89% of consultants anticipate an increase of clients’ interest in ESG matters in the next three years.
London borough pension fund reviews SRI and ESG position
Scheme reviews fund manager voting and class action lawsuits process.
PKA, the €15bn Danish pensions giant, plots microfinance move
Fund also battles Danish press allegations about investment holdings.
UK watchdog assumes investor stewardship role, proposes annual board elections
Set of 24 Stewardship principles outlined in Combined Code review.
ATP CEO speaks: making a one billion euro Copenhagen statement
Danish pension fund chief Rohde says pension funds need to be first movers on climate change investments.
Could the wisdom of crowds help investor and regulator madness on governance and ownership?
An anonymous survey of investor concerns might be the basis for neutral dialogue to prevent future systemic crises.
What hope for better investor ‘stewardship’ in Asia?
Why the ability of management to articulate their approach to governance and the environment is very revealing.