Login | Not a subscriber? Subscribe Now
March 2010
RI people moves round-up
Recent responsible investment hires.
BP tar sands resolution campaign hit as UK pension funds back company management
Local Authority Pension Fund Forum says oil giant has provided necessary information.
HSBC questions ‘validity’ of carbon trading post Copenhagen
Report says downward trend of trading has accelerated after COP-15.
The quest for the ‘Holy Grail’ of integrated financial and CSR reporting
Companies should issue one report for stakeholders, argue Robert Eccles and Michael Krzus.
UK local authority funds to quiz FTSE350 companies on pay
Report to look at work of remuneration committees and consultants.
Swedish govt funds join Norway in ban of Israel’s Elbit Systems over West Bank barrier
Funds follow advice of Ethical Council in potentially controversial sell-off.
ICGN conference report: FRR, CalSTRS, PGGM and Ontario Teachers talk governance
More engagement needed, but more resources necessary.
UK mulls mandatory disclosure of institutional share voting
Consultation also launched on role of pension funds and insurers in setting financial services pay.
RI round up - March 26
RI’s regular round-up of the most important responsible investment news.
Investors should boycott non-ESG sell-side firms says UBS broker head
ESG integration needs commission signal or greater corporate access.
Danish fund tenders 100m euro for UNPRI compliant small caps manager
Mandate placed on IPE-Quest tender service.
Quant study shows significant, long-term ESG risk reduction and return boost
Research finds strategic portfolio implications on volatility.
UK government ‘seeks £1bn’ from pension funds for new green fund
Private sector backing sought for low-carbon projects.
UK’s ABI blasts M&A fees, calls for long-term investing debate with SWFs and US pension funds
Association warns UK government though on protectionism.
UBS faces shareholder revolt at April 14 AGM
Ethos calls on shareholders to reject remuneration report and oppose director ‘discharge’.
US SRI houses welcome Dodd report on reforming financial services governance
SEC self-funding and new credit rating oversight put forward by Senator.
UNPRI to start lobbying on ESG regulation
European Commission discussions look at scenarios for ESG disclosure.
USS vows to change Dutch governance rules in parting shot at controversial Canon/Océ takeover
UK fund tenders shares to Canon and takes aim at minority shareholder protection rights.
Dutch giant APG sues Bank of America over Merrill Lynch acquisition
Pension manager joins line up of institutions to sue over Merrill deal.
Where are the real sustainable investment collaborations?
Why have institutional investor groups had little to say about the post crisis reforms?
Swiss pension funds face cluster bomb investment ban
Parliamentary bills look to ratify Oslo Convention.
UK pension funds, Railpen and USS, create shareholder voting alliance
Schemes pool governance expertise and voting resources.
Mercer quizzes fund managers over controversial tar sands BP/Shell AGM resolutions
Consultant asks managers to indicate which way they will vote and why.
Swedish govt fund vows to vote down short-term excessive bonuses
Board pressure to be applied on sustainability and female representation.
PGGM to double innovative responsible equity portfolio to €2bn
Fund manager also looks to add RI equity portfolio analyst.
Sustainable investments in Switzerland rebound strongly to hit new peak
Asset flows beat the market average.
Former New York pensions CIO pleads guilty to fund asset corruption
Decisions were driven by politics and greed, says NY state Attorney General.
UK MPs call for Parliament pension fund to back investor tar sands campaign
Call for Parliament fund to get active with its share voting rights.
US pension fund adds to exec comp lawsuits against Goldman Sachs
Lawsuit alleges corporate waste over Goldman compensation pool.
Global institutional big-hitters join climate change asset allocation study
Numbers swell for Mercer-led future strategy projections project.
Blogosphere survey says RI has yet to tap financial crisis potential
Responsible investment terminology gets most positive consumer associations.
Norwegian Global Fund hires specialist water manager
Water Asset Management picks up undisclosed sum for investment brief.
Giant Norway fund relaxes controversial exclusion policy
Norges Bank to favour initial lobbying engagement where possible.
MSCI sees $50m in RiskMetrics’ deal synergies and staff cuts
MSCI chief identifies potential in ESG indices.
Norway fund giant outlines ESG criteria for real estate billions
Property portfolio could reach €16bn.