Gina Gambetta
Federated Hermes, Invesco, Fidelity Investment and Wells Fargo listed as “sponsors” by US foundation, while JP Morgan and KKR are flagged as “friends of SFOF sponsors”.
Minister voices hope that the UK could be first country to mandate TNFD reporting; move to Canada confirmed for COP15.
The much-delayed conference may now take place in December 2022, reports suggest.
Concern comes as Norwegian pension KLP calls on investors to evaluate – and in some cases divest from – companies linked to the region.
The standard is harmonised with other initiatives in the financial sector including the TNFD, the SBTN and EU Align project.
The firms are to be placed on the Restricted Financial Institution List in 45 days unless they provide information demonstrating they are not engaged in a boycott of energy companies.
Pension plans should also consider what constitutes an appropriate stewardship approach given investment strategy, fund structure and size.
Fossil fuel boycott bill comes amid a revolt against ESG investing and divestments by certain US states.
Jewish groups put industry on notice, investors stress the need for objective analysis and data.
CEC looks to CA100+ model but stresses the need to respect Indigenous rights and achieve a Just Transition.