Net-Zero Insurance Alliance replaced with Forum for Insurance Transition, but SCOR and Munich Re will not rejoin.
Country's two largest asset managers leave Forum Nachhaltige Geldanlagen, following earlier departures of big members.
Firm will retire assessments of manager commitments to ESG as it prepares for compliance with EU ESG ratings rules and global codes of conduct.
Acting in concert continues to hinder collaborative engagement as multiple firms engage BaFin, CA100+ over Phase 2 disclosure requirements.
Large firms aim to have fund labels ready for start of new regime, but are grappling with definition challenges and a separate looming greenwashing deadline.
FNG loses two of its largest members after board disputes and arguments over fund label at the end of last year.
Review of manager alignment with guiding principles finds some progress, but improvements needed on stewardship and 'unexpected' ESG fund holdings.
Fund to triple sustainable investments team size as it looks to put additional $53bn into climate solutions, evolve divestment approach.
Investor network says members can expect reduced mandatory reporting and 'recognition' of other reporting requirements in the future, while setting out details of 'pathways' for members to demonstrate progression.
Asset owner group's third annual progress report also includes introductory note on gender parity in leadership.