Mandates

The latest developments in sustainable finance: LSEG research flags EU taxonomy disclosure gaps; HKMA proposes comply-or-explain transition plan disclosures for banks.

The latest developments in sustainable finance: UK sets out National Wealth Fund plan; race and gender pay gap proposal at Procter & Gamble gets almost 30 percent support.

Californian pension giant calls Nordea AM ‘valuable partner’ in net-zero effort.

The People's Pension sets out minimum expectations for managers, including signing stewardship code and resourcing, and warns of lost mandates.

Fonds de Compensation awards €1.25bn in three sustainability mandates.

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

The latest developments in ESG-related funds: Monaco sovereign wealth fund invests in blue economy impact, Ossiam launches 8 PAB ETFs.

French fund also preparing €1.1bn green and social bond RFP.

The latest developments in sustainable finance: Lazard and Schroders compete in 'Great Canadian ESG championship'; Philippines central bank consults on sustainability integration; Euronext launches futures contract on CAC 40 ESG index.

Effective climate governance on boards will require a significant upscale in director skills and/or an openness to bringing in candidates from alternative talent pools.