ESG Archive

Jun 05, 2019
Bloomberg’s Ravenel discusses TCFD’s stance on ESG reporting
How does the Task Force on Climate-related Financial Disclosures (TCFD) approach ESG reporting? An industry-led initiative, the TCFD developed a voluntary framework for climate disclosures at the request of the Financial Stability Board. The TCFD recommendations have specifically been designed to solicit decision-useful, forward-looking information that shows the financial impacts of climate change on a business. The focus lies on companie...
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Jun 03, 2019
SSGA creates new ESG scoring system
State Street Global Advisors (SSGA) has developed a system for scoring companies on ESG practices that aims to help boost the ESG narrative in capital markets. ‘R-Factor will benefit understanding of ESG issues on the part of both companies and investors,’ Rakhi Kumar, head of ESG investments and asset stewardship at SSGA, tells Corporate Secretary sister publication IR Magazine. ‘It puts companies in the driver’s seat. The transparent materiality f...
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May 29, 2019
Groups eye financial system overhaul with ESG focus
The OECD, World Bank and UN Environment Program have joined together to call for placing sustainable finance at the center of an overhauled global financial system. The three organizations are working on an agenda for governments around the world to align financial flows with global climate and development goals - as signatories to the Paris climate accord agreed to do. ‘A deep transformation of existing infrastructure systems is needed for both climate and...
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May 22, 2019
SASB Investor Advisory Group recruits 15 new members
The Sustainability Accounting Standards Board (SASB) has expanded its Investor Advisory Group (IAG), a collection of leading asset owners and managers committed to improving sustainability-related disclosure to investors. Fifteen new firms have joined the IAG, which has also named Barbara Zvan, chief risk and strategy officer of the Ontario Teachers’ Pension Plan, as the group’s new chair. The moves are intended to reflect the growing relevance of SASB’...
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May 20, 2019
Investors expect ESG to become the norm, study finds
Amid the growing influence of ESG in the investment arena, new research suggests that almost two thirds of institutional investors believe ESG-related strategies will become the norm in the next five years. The report from Natixis Investment Managers – which uses data from its global surveys of financial professionals, individual investors, institutional investors and professional fund buyers – also finds that 55 percent of respondents plan to increase their all...
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Apr 26, 2019
Retail investors eye ESG factors, survey finds
ESG-related considerations are important to retail investors, with individuals tending to place slightly greater store in social issues above governance and environmental matters, according to research by Allianz Life Insurance Company of North America. But a lack of comparable disclosures may be hampering actual investment patterns. Much of the attention on the growing influence of ESG issues in recent times has focused on companies’ reporting and engagement with...
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Apr 11, 2019
Investors underpricing impact of climate-related risks, BlackRock warns
BlackRock has warned that investors are underpricing the impact of climate-related risks and need to rethink their assessment of asset vulnerabilities. As part of an ongoing analysis, the asset manager asserts that although the physical manifestations of climate change are clear - including rising sea levels and more intense hurricanes, wildfires and droughts - how investors incorporate these risks into their analysis is not. The research indicates that many ...
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Apr 04, 2019
Companies face mini-wave of plastic pollution proposals
Petrochemical companies are facing pressure to disclose incidents where they have spilled plastic into the ocean, which leads to what is said to be a major source of pollution. As You Sow, a non-profit organization that promotes environmental and social corporate responsibility via engagement, investor pressure and other legal strategies, has filed proposals seeking such reports with four major companies this proxy season. If approved, the proposals would req...
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Mar 20, 2019
SEC official cautions on new ESG disclosure rules
US companies appear unlikely to face additional ESG-related reporting requirements in the near future, despite calls from major investors for new rules. William Hinman, director of the SEC’s division of corporation finance, recently expressed caution about mandating specific disclosures in the ESG field, expressing a preference for market forces to determine what companies report. He noted that sustainability disclosure is of interest to investors but pointed to t...
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