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Brunel, FTSE Russell announce co-developed Paris-aligned benchmarks

Germany to switch €9bn in federal pension money to EU climate index

By Susanna Rust2021-05-06T11:02:00+01:00 Some €9bn of German federal pension assets are due to be reallocated to equity indices aligned with the EU Climate Transition Benchmark (CTB) as part of the government’s sustainable finance strategy, it was announced yesterday. S&P Dow Jones Indices said it had been chosen by the government to develop the index, which would be used for four federal civil service funds. The EU CTB is one of two types of climate benchmarks for which the EU has developed minimum standards. The other is the EU Paris-Aligned Benchmark (PAB). The CTB requires a lower baseline reduction of greenhouse gas intensity relative to the market-weighted investable universe than the PAB. Another difference is that a CTB-compliant benchmark does not have to exclude fossil fuels based on certain thresholds.

Five trends in green finance

Special Report A Special Report is content that is edited and produced by the Special Reports unit within The Irish Times Content Studio. It is supported by advertisers who may contribute to the report, but who do not have editorial control. Five trends in green finance To adequately respond to an issue such as climate change it is crucial to monitor the authenticity of green claims made by organisations Thu, Apr 29, 2021, 11:00 Updated: Thu, Apr 29, 2021, 14:39 Brought to you by The Irish Times Content Studio To encourage the reallocation of capital towards a low carbon economy the EU has designed two climate investment benchmarks which pursue similar objectives but vary in their level of ambition

BlackRock launches temperature-aligned investments funds

Climate roundup: Net-zero group tackles manager proxy voting

By Susanna Rust2021-04-15T14:36:00+01:00 The way asset managers cast votes on climate-related issues should not be influenced by the status of company engagement “or other management considerations”, according to guidelines from the UN-convened Net-Zero Asset Owner Alliance (NZAOA). In a new publication – billed as being about ‘Elevating Climate Diligence on Proxy Voting Approaches’ – the group of asset owners wrote that asset managers’ proxy voting policies and supporting documents should “include a commitment to Climate Votes being evaluated based on merit of the proposal”. By way of example, the Alliance members indicated this would mean “a productive engagement is not used as an excuse for a vote against a shareholder proposal with which the manager finds merit”.