Dominic Webb
Federal Council recommends parliament vote against popular initiative banning finance and insurance for sector.
'Strategic' decision is second business unit shutdown in 2026 as US firm remains focused on core climate and ESG business areas.
Risilience survey finds dissatisfaction with GPs on data and resourcing, but investors are confident they can push for change.
Majority of MEP meetings on Sustainable Finance Disclosure Regulation in July were with oil and gas firms as Transition negotiations stalled.
US fund to integrate climate transition test into manager selection going forward.
Asset management giant supports retention of 'simple, clear, consistent and comparable' climate disclosures; Nuveen and TIAA also weigh in.
-80x80.jpg "SFDR 2.0 Transition category proves thorny for asset managers")
Firms plan to classify limited number of funds as Transition while EU debates exclusion of fossil fuel expanders.
Schroders and NBIM support rule changes while DiNapoli, CalSTRS and others oppose Securities and Exchange Commission's planned pullback.
Fund managers already mapping product ranges onto new EU product categories but 'great reclassification' worries continue.
Responsible Investor kicks off its summer asset-owner series, speaking to CalSTRS’ Nick Abel on the fund’s $5.6 billion opportunistic climate portfolio.