Daniel Brooksbank
Low carbon price putting managers off also, reveals FairPensions survey.
Dutch bank claims US bank’s reporting does not meet its ethical standard.
Announcement follows controversial US and UK governance broadsides.
Governance said likely to be ‘sub-optimal’ on core criteria, exclusion strategy “self-defeating”.
Lawsuit follows US Judge’s decision to veto BoA SEC settlement.
The Norwegian Government Pension Fund’s NOK17bn (€1.9bn) stake in Nestlé has come under scrutiny from labour unions. In a joint letter, the unions have asked the Finance Ministry to assess an alleged “systemic pattern of human rights abuses” by the Swiss food group. The company is the fund’s second largest equity holding. A spokesman for […]
A group of US charitable foundations are developing an environmental, social and governance-focused emerging markets equity fund with the aid of consulting firm Cambridge Associates.
Despite some highlights, and a lot of high-profile activity recently, the California Public Employees’ Retirement System’s actual $3.8bn (€2.9bn) corporate governance investment program is underperforming, according to a consultant’s report for the fund. And it has emerged the $201bn fund has made no new corporate governance investments in the year to date. The news comes […]
RI’s regular round-up of the most important responsible investment news.
Group of “28 strange bedfellows” joins chorus against financial short-termism.