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Take Five: Ready to Engage

Chris Hall

Proposals to bolster sustainable finance in Europe include recommendations for a new region-wide stewardship code. Regional Fora – from August to October to guide the development of comprehensive five-year plans due next year, which must bring the world back in line with the Paris Agreement. Finance is an issue.

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New Climate Rules and Guidance for UK Pensions

Chris Hall

Government plans to ease access to illiquid assets, but expects more robust stewardship. Coffey also confirmed the introduction of new rules requiring pension scheme trustees to report on the alignment of their portfolios with the goals of the Paris Agreement, taking effect from 1 October. degrees Celsius.

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Trustees Must Overcome Data Gaps to Report on Paris Alignment – UK DWP

Chris Hall

Data gaps shouldn’t prevent large pension schemes from beginning to measure and disclose the extent of portfolio alignment with the Paris Agreement, said the UK government following its consultation on climate and investment reporting. C temperature pathway.

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Trustees to Engage with Future

Chris Hall

Stewardship is widely considered one of the most effective tools in an asset owner’s toolbox to ensure companies are prioritising ESG-related issues, such as mitigating the effects of climate change. . “ Plotting a path to Paris .

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PRI: Policymakers Must “Establish Coherence” on Investor Stewardship

Chris Hall

It instead noted that policies should “consistently promote the appropriate use of stewardship by investors as part and parcel of discharging their duties”. The PRI’s guide also said there will likely be greater emphasis on implementation and greater scrutiny of the actions that investors are taking over stewardship.

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Stewardship Nears Breaking Point

Chris Hall

Oil and gas major Shell is under increasing pressure ahead of its annual general meeting (AGM) on 23 May, with asset owners like PGGM and the Church of England Pensions Board announcing their support for a shareholder proposal calling for the company to align its Scope 3 emissions target with the Paris Agreement. Car manufacturer Toyota is facing (..)

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Take Five: A Gift from God

Chris Hall

UN Climate Change Executive Secretary Simon Stiell insisted agreement on Article 6 would “help countries implement their climate plans faster and cheaper”, while acknowledging the difficulties facing the process. But would its effect be felt at COP29 in Azerbaijan? Back for good?