Responsible Investor

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June 2010

Deutsche Bank’s €5.5bn pension funds aim to raise ESG allocation

Deutsche Bank’s €5.5bn pension funds aim to raise ESG allocation

Banking giant wants to expand on current €100m ESG allocation

UK’s new NEST fund talking with global funds on responsible investment

UK’s new NEST fund talking with global funds on responsible investment

New national scheme seeking input on integrating RI

UK green bonds proposal targets pension funds

UK green bonds proposal targets pension funds

Government commission sees major role for institutional investors in climate change financing

FTSE names Unilever best for UK carbon management

Index analysis puts consumer goods giant in pole position

ESG USA conference report: “To BP or not to BP?”

ESG USA conference report: “To BP or not to BP?”

Responsible Investor held its second ESG USA conference in New York last week. Here are some of the highlights:

What have asset managers learnt from the BP disaster?

What have asset managers learnt from the BP disaster?

Few fund managers sold BP despite some of the warning signs.

Bloomberg chief outlines ESG data strategy

Bloomberg chief outlines ESG data strategy

More detail on data giant’s ambititions as ESG market consolidates

$10trn investor group to act on big oil and insurance

$10trn investor group to act on big oil and insurance

Investors seeking information on boards’ competence in wake of Gulf spill

RI Briefing, June 24: Calvert, Church of England, World Bank, Robeco, Russell

RI’s regular round-up of responsible investment stories.

Green and exclusion funds continue to lose cash in April

Green and exclusion funds continue to lose cash in April

Screened funds stay positive for sales, however, but with a strong cash bias.

Canadian Social Investment Organization: conference highlights

The SIO, the Canadian Association for Socially Responsible Investment, held its conference in Toronto last week. Here are some of the highlights:

Canada’s public pension funds and the tar sands dilemma

Funds between a rock and hard place on Alberta projects

US pharma groups rise in 2010 Access to Medicine Index rankings

US pharma groups rise in 2010 Access to Medicine Index rankings

First ATM ranking for generic drug companies

RI briefing: P8, BP, new Europe ESG

RI’s regular round-up of responsible investment stories.

Merrill Lynch resurrects SRI broker research team with major hires

Merrill Lynch resurrects SRI broker research team with major hires

Former co-heads of Soc Gen sustainability research team to spearhead US bank’s ESG research.

Ontario legislature report calls for Toronto-listed firms to face more ESG disclosure

Ontario legislature report calls for Toronto-listed firms to face more ESG disclosure

Exchange is major listing venue for mining and hydrocarbon companies.

France’s FRR reaches 85% integration for ESG research on investment

France’s FRR reaches 85% integration for ESG research on investment

Assets run via an SRI process reach 13% as fund recovers on performance.

Private equity ‘barbarians at the gate’ of ESG: conference report

Private equity ‘barbarians at the gate’ of ESG: conference report

Industry seeks to move on from stereotype to ESG credentials.

How the environment is the cement holding the UK coalition together

How the environment is the cement holding the UK coalition together

Has the political debate in the UK really shifted from whether to how to achieve a sustainable economy, asks Penny Shepherd

RI Briefing, June 14, CalSTRS, Vigeo, CPPIB & OTPP, SAM, Global Environment Fund

RI’s regular round-up of the most important responsible investment news

MSCI to incorporate ESG risks into indices (amended)

MSCI to incorporate ESG risks into indices (amended)

KLD and Innovest teams to combine, says FT

Exclusion doesn’t equal underperformance

Exclusion doesn’t equal underperformance

The KLP fund shows good performance of indexed responsible investments

UK parliamentary motion says BP disaster shows need for better pension fund ESG reporting

UK parliamentary motion says BP disaster shows need for better pension fund ESG reporting

Early Day Motion calls on government to improve environmental risk assessment in investment.

How should investors respond to the BP Deepwater disaster?

How should investors respond to the BP Deepwater disaster?

Demand a full, long-term environmental clean-up, board accountability and management explanation, say Mark Tulay and Stephen Viederman

UNPRI chairman to step down in October

UNPRI chairman to step down in October

Process started to find successor to Donald Macdonald.

RI Briefing, June 9: Nordea, HESTA, NAPF, Network for Sustainable Financial Markets

RI’s regular round-up of the most important responsible investment news

Institutional investors consider tar sands litigation

Institutional investors consider tar sands litigation

IIGCC says potential for future legal proceedings are being looked at by signatories.

Drilling down on ESG risks in the mining sector

Drilling down on ESG risks in the mining sector

Investors need to be aware of the multiple sustainable initiatives and how they work.

PGGM backs Standard Life for sustainable real estate

PGGM backs Standard Life for sustainable real estate

Dutch pension giant in sustainable property move

EU critical of European funds’ low UNPRI membership

EU critical of European funds’ low UNPRI membership

Less than a third of big European funds have signed up

Norway responds to Global Fund ethics criticism

Norway responds to Global Fund ethics criticism

Responsible investing evolves at ethics-driven giant

Asset management grandee slams funds industry, says giant asset owners should take back control

Asset management grandee slams funds industry, says giant asset owners should take back control

10-point manifesto says long-term economic growth and financial markets stability needs to be reasserted.

RI People Moves, June 4: GAM, Oekom, GO, Robeco

Recent responsible investment hires

RI Briefing, June 3: Hermes, UNEP FI, Ethos, Church Commissioners

RI’s regular round-up of the most important responsible investment news

European Commission mulls compulsory voting disclosure

European Commission mulls compulsory voting disclosure

EU puts forward raft of governance proposals in Green Paper

Norway’s KLP excludes two over Western Sahara minerals

Norway’s KLP excludes two over Western Sahara minerals

Phosphate imports targeted by €32.5bn insurer

ATP chief to chair €5trn investor climate change group

ATP chief to chair €5trn investor climate change group

Climate investing pioneer Sørensen to head IIGCC

NBIM, APG call for “concrete action” on child labour in cocoa industry

Cocoa industry meeting fails to meet expectations, say funds

Former Innovest research MD joins ESG emerging markets research firm

Former Innovest research MD joins ESG emerging markets research firm

Research advisor takes up business development position at Solaron.

Powerful Japanese trades union body prepares major ESG recommendation for its pension funds

Powerful Japanese trades union body prepares major ESG recommendation for its pension funds

Union confederation says ESG is a way of ‘regaining trust’ in investment.