Redington bolsters ESG credentials with two sustainable investment hires
Paul Lee and Anastasia Guha take up newly created roles
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Lee and Guha s new roles began on 1 June
Redington has appointed Paul Lee as head of stewardship and sustainable investment strategy and Anastasia Guha as global head of sustainable investment, as the firm integrates responsible investing into its proposition.
Lee was head of corporate governance, stewardship at Aberdeen Asset Management between 2015 and 2018 and joins Redington having been an independent consultant for the past three years.
Previously, he served as head of investment affairs at the NAPF and spent 13 years at Hermes, ending his time there as a director of public policy and best practice at Hermes Equity Ownership Services, between 2010 and 2013.
An environmental campaign group has called on Fife Council to divest from fossil fuel companies that are costing its future pensioners hundreds of thousands of pounds every year. Friends of the Earth Scotland (FoES) says Fife is among 20 local authorities in Scotland that has declared a climate emergency but continues to invest in what it calls “planet-wrecking” firms. A report written by the environment body and investment monitor Platform warns that authorities are exposing their pension funds to unnecessary financial risk by continuing to support fossil fuel bodies. The council declared a climate emergency in September 2019, committing itself to being carbon neutral by 2045. But it continues to rely on fossil fuels for almost three per cent of its total pension fund value.
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TOKYO (Reuters) - The Bank of Japan is likely to drop its commitment to buy exchange-traded funds (ETF) at an annual pace of roughly 6 trillion yen ($57 billion) at its next policy review, former central bank policymaker Sayuri Shirai said on Friday.
FILE PHOTO: A security guard walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato
The central bank will take the step when it reviews its policy tools in March to make them more sustainable, she said.
The BOJ’s massive purchases have drawn much criticism for distorting markets and sources have told Reuters that the central bank will discuss ways to scale back its ETF buying at the March review.