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Asset manager neglect of climate adaptation leads Brunel to take engagement 'into own hands'

UK pension pool Brunel has begun an engagement programme with 20 companies in the consumer staples sector asking them to prioritise investment in climate adaptation measures, as it said asset managers were failing to do so.

Don't demonise high emitting companies that disclose Scope 3, says pensions group

Investors risk "misallocating capital" if they unfairly punish high-emitting companies that disclose their Scope 3 emissions, as these will often make them look worse than peers that fail to disclose, a senior figure at a UK pensions group has warned.

Asset managers' climate stewardship needs to be 'dismantled', says pension fund

An analysis of asset managers' voting records on climate resolutions at oil and gas companies has triggered one of the UK's biggest pension funds to call for a "complete dismantling" of the industry's approach to stewardship.

Brunel make biodiversity an investment priority

Brunel Pension Partnership has made biodiversity an investment priority.

Exclusive investor reaction to IPCC report: No part of portfolio immune

A landmark report published today by leading climate scientists has been greeted by investors as a chastening warning of the potentially catastrophic impacts of current global emissions, but also an important signifier of the transition required.

Forward-looking metrics need improved methodologies, says TCFD consultation

Results from a Task Force on Climate-related Financial Disclosures (TCFD) consultation have underlined the challenges facing forward-looking metrics - yet most respondents believe they could yet be useful if their methodologies are improved.

TCFD advised to abandon implied temperature rise metric

The Task Force on Climate-related Financial Disclosures (TCFD) secretariat should not include in its list of recommended disclosures estimates of the 'climate warming potential' of assets, according to the Transition Pathway Initiative (TPI).

Just 18% of transport firms have Paris-aligned climate targets, says TPI

Less than a fifth of transport firms have set carbon emissions reduction plans that are aligned with the Paris Agreement targets, according to a report by the investor-backed Transition Pathway Initiative (TPI), with the airline industry the worst performer.

People Moves 4 December: IIGCC, AMNT, Tikehau Capital, UKSIF

Macquarie and BT Pension push TPI support past $20trn

Membership of the Transition Pathway Initiative (TPI) has surged past the $20 trillion milestone, just over three years after it was launched.