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Showing 1 - 10 of 56 results for "OECD"

AXA IM battles poor data on road to net zero

ROSE MARY PETRASS  |  MONDAY, 30 SEP 2024  |  NEWS
... carbon intensity of its corporate portfolio by nearly double the target. The firm now plans to exit all coal investments in OECD countries by 2030, after already lowering exposure to 0.36% by the end of 2023. AXA IM committed €919 million to natural ...

UBS passive strategies flagged on human rights

ROSE MARY PETRASS  |  THURSDAY, 5 SEP 2024  |  NEWS
... Enforcement (ICE) facilities. Non-profits BankTrack, Coalition for Immigrant Freedom, and Worth Rises allege UBS violated OECD Guidelines by failing to exert influence over these companies to address human rights abuses. Alleged violations include forced ...

ESG ratings risk greenwash

ROSE MARY PETRASS  |  WEDNESDAY, 4 SEP 2024  |  NEWS
... intentions are, ESG ratings are a source of investor misinformation." The Organisation for Economic Co-operation and Development (OECD) has agreed with this assessment and said in its 2022 policy report that ESG ratings suffer from "considerable shortcomings" ...

Demand for human rights solutions intensifies

ROSE MARY PETRASS  |  MONDAY, 24 JUN 2024  |  NEWS
... will be aligned with international codes of conduct, including the UN Guiding Principles on Business and Human Rights, the OECD Guidelines for Multinational Enterprises, and the ILO Tripartite Declaration of Principles concerning Multinational Enterprises ...

QIC beefs up energy team

ELIZABETH FRY  |  FRIDAY, 21 JUN 2024  |  NEWS
... the US. QIC Infrastructure now actively manages a global portfolio of $33 billion with 22 direct investments across five OECD countries. The global team comprises 84 dedicated investment professionals and 63 non-executive directors and advisors across ...

ESG indices linked to Myanmar junta

ROSE MARY PETRASS  |  THURSDAY, 7 MAR 2024  |  NEWS
... ESG-labelled funds. Human rights organisation Inclusive Development International (IDI) alleged that the indices violated OECD Guidelines for Multinational Enterprises on Responsible Business Conduct. IDI has filed complaints to regulators in the US ...

Mirova targets super funds in multi-billion dollar raise

CASSANDRA BALDINI  |  WEDNESDAY, 8 NOV 2023  |  NEWS
... primary focus for deployment remains Europe, Mirova said there is potential for some investments to be directed towards other OECD member countries. It explained that by replicating successful models, it seeks to expand the partnerships it has established ...

Successful merger for social and inequality reporting framework

ROSE MARY PETRASS  |  FRIDAY, 1 SEP 2023  |  NEWS
... for the proposed initiative is the Taskforce on Inequality and Social-related Financial Disclosures (TISFD). The UN- and OECD-aligned initiative will address inequality and social-related "impacts, dependences, risks, and opportunities" by strengthening ...

Australia the guinea pig for PRI sovereign engagement pilot

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023  |  NEWS
... the engagement program. "Australia performs above average on social and governance factors, but it has underperformed other OECD countries significantly in terms of climate indicators that we measure in our ranking." Atkin added that many investors now ...

NextEnergy Capital's ESG solar fund raises $480 million at first close

ROSE MARY PETRASS  |  MONDAY, 24 JUL 2023  |  NEWS
Global solar specialist NextEnergy Capital's fifth fund - an OECD-focused solar strategy - has reached first close with investors including Norway's largest pension fund. NextPower V ESG aims to develop over 14 gigawatts of energy assets - enough to ...
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