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Europe’s Next Big Step

Chris Hall

Supervisory authority ESMA is calling for EU-wide stewardship code to hone and standardise investors’ engagement efforts and disclosures. There’s also the stewardship code introduced by the European Fund and Asset Management Association (EFAMA), which was first adopted in 2011.

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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. This week the European Securities and Markets Authority (ESMA) laid out its long-term vision for Europe’s Sustainable Finance Framework. Finance is an issue.

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Take Five: Policy and Power

Chris Hall

Story time – The halfway point of the calendar year brings forth a stream of impact and sustainability reports from asset managers and owners, particularly in the UK, as signatories also comply with their obligations under the Stewardship Code. The post Take Five: Policy and Power appeared first on ESG Investor.

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ESG Overload 

Chris Hall

UK asset owners are feeling the squeeze from sustainability reporting, but they are working on ways to ease the pinch. The first time asset owners were expected to report on responsible investment was back in 2007 as part of the UN-convened Principles for Responsible Investment’s (PRI) reporting assessment framework, Russell explains.

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Stewardship Dialogue Must be Ongoing – FCA

Chris Hall

According to Manning, the FCA is keen to identify regulatory constraints on collaborative engagement, which has been used increasingly by asset owners and managers in recent years, particularly to address systemic environmental risks, such as climate change and accelerating biodiversity loss.

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Seven Ways to Spot Greenwashing

Chris Hall

The minimum requirements for PRI signatory status are: having a responsible investment policy that sets out an overall ESG approach or guidelines; providing evidence that the policy covers more than 50% of assets under management; and evidence of senior management oversight and staff implementation of responsible investment.

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Will Fiduciary Fog Clear for Trustees?

Chris Hall

Further clarification may be on the way as the UK government’s updated Green Finance Strategy 2023 includes a commitment to review pension trustees’ fiduciary duties and stewardship activities. Today, says Lee, it is “undeniable” that climate change is having an impact in the real world and in the financial world.