On June 5 Norway’s parliament approved a proposal that will see its gargantuan US$900bn Government Pension Fund Global divest stakes in mining companies that derive more than 30% of their revenues from coal and power companies that are more than 30% reliant on coal for generation.
Asset Management
Banks and asset managers are rushing-in to adopt environmental, social and governance (ESG) risk when making investment decisions. They are starting to provide their clients with direct assess to professional advisors who specialise in this area as well.
Being a signatory to the UN Principles for Responsible Investment (PRI) has become a badge of honour for many pension funds and asset managers.
In June, EMEA Finance held a roundtable on environmental, social and governance (ESG) investment. Topics under discussion included the growing threat of ESG-related risk, how to turn knowledge into an investment tool, and what banks can learn from corporates.
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