Environmental

Norwegian pension defends decision to exclude CoreCivic and GEO Group over alleged human rights violations.

Swedish government pension fund to break with existing approach to active ownership with planned strategy that passes greater engagement responsibilities to manager.

Osmosis Investment Management warns of issues in PAB design that limit environmental and financial effectiveness.

The latest developments in sustainable finance: World Bank president rows back on climate change comments, UK government publishes first report on green bond allocations.

ACTIAM, Fidelity International, NN Investment Partners and Nomura Asset Management have commissioned a firm to develop a biodiversity measurement.

Brad Lander again raises possibility of pulling funds from BlackRock if it fails to step up actions on climate.

News comes as investors, companies and plastic producers prepare to engage governments on introducing a global plastic pollution treaty. 

Germany raises international biodiversity funding to €1.5bn per year; Uruguay publishes sovereign sustainability-linked framework with nature KPI; investors write to finance ministers.

Federated Hermes, Aviva and BTPS join investor networks in writing to the new prime minister warning of costs from delays in climate action.

Quality of emissions reporting is key in climate tilt to European Central Bank’s corporate bond purchases.