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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.

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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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Trustees to Engage with Future

Chris Hall

Through SIPs, trustees with 100 or more members are now expected to publicly state their – or their external managers’ – engagement policy and priorities, and explain in detail how they steward their sustainable investments.

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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

Specifically, she released the interim findings of the government’s Pension Investment Review , which included detailed plans to consolidate the £500 billion AUM (US$634 billion) Local Government Pension Scheme (LGPS).

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Take Five: Think Big

Chris Hall

Birol concurred with the UNFCCC’s Global Stocktake report – which last week confirmed much more action is needed to deliver on the Paris Agreement – insisting “we can speed this up if we put the right new policies in place”. The post Take Five: Think Big appeared first on ESG Investor.