ESG

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One third of Spanish fund managers do not consider ESG factors for investment purposes

F.R. | 33% of Spanish asset managers do not consider ESG factors when making investment decisions, according to a survey conducted by Georgeson through interviews with leading Spanish institutional investors, representing an aggregate of around 320 billion euros in assets under management. Among the managers that do take ESG factors into account when investing, the survey results highlight that the main methodologies for making decisions with this approach are in-house…


ESG dados 2

European Council takes lead on ESG certification regulation

F.R.| The European Council will soon start negotiations to take forward the new EU regulation on ESG rating providers, which already has a proposal for a Regulation on the transparency and integrity of environmental, social and governance rating activities published in June 2023. The purpose of this new regulation is to “strengthen the reliability and comparability of ESG ratings by improving the transparency and integrity of ESG rating providers’ operations,…


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Three out of four global listed companies already use ESG metrics for incentives

F.R.| 77.7% of listed companies in Europe and the US included ESG metrics in their 2022 annual reports on long-term incentive plans, 68% more than the previous year, according to the 2022 Global Report on ESG Metrics in Executive Incentive Plans prepared by Willis Towers Watson (WTW) based on an analysis of 1,073 such reports on both sides of the Atlantic. In the case of Europe, 90% of the sample…


Climate change

The 4 guidelines top global institutional investors will follow in 2023

F. Rodríguez |Top global institutional investors will intensify their pressure on issuers on different points related to aspects of ESG in the coming year, according to the bi-annual survey Institutional Investor Survey carried out by Georgeson. It includes individual interviews with specialists of this group of firms, with assets under managment equivalent to over 40 billion euros. The four big trends discovered by the survey are as follows: 1. The investors…


Moloney

“ESG Standards Platform To Be Ready In 2022” Says IOSCO Secretary General

Fernando Rodríguez (Emisores) | Irishman Martin Moloney is the new Secretary General of IOSCO (International Organisation of Securities Commissions), which brings together 130 supervisory bodies of the world’s most important stock exchanges. The organisation has accelerated its work so that next year investors will have a global platform or baseline with which to operate safely in the variegated and confusing world of ESG products and standards. Q: IOSCO supports a…


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IOSCO and IFRS aim to present their ESG standard prototype at COP26

Fernando Rodríguez | Ahead of the COP26, IOSCO, the international forum which encompasses 95% of global stock market regulators, is collaborating with IFRS, dedicated to developing standards for financial and non-financial information. The two organisations are working flat out to be able to present an ESG standard prototype, and its corresponding recommendations, to financial intermediaries at the conference on climate change to be held in Glasgow, Scotland, October 31-November 12….


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The Number Of European Companies Using ESG Criteria In Executive Compensation Has Increased Eightfold In The Last Decade

Fernando Rodriguez | The percentage of European companies linking executive compensation plans to ESG targets has increased more than eightfold in the last decade, from 4% in 2008 to 34% in 2020. This is according to a survey conducted by the Diligent Institute of nearly 2,000 companies in 15 European countries, including Spain, which is in the high end of the range for most indicators. According to the survey, the…


ramiro mato

“A Lot Of Things Are Not Defined. We Don’t Know What Is Green, What Is Brown…”

Fernando Rodríguez | “Nor do we know what rules the EBA is going to impose on these issues, or how some of the measures the ECB may take will affect capital ratios. So regulation is making it difficult for us to grow, because of all the limitations and all the capital requirements being imposed on us,” explains Ramiro Mato, chairman of the responsible banking, sustainability and corporate governance committee at Santander Bank: “For example, in Poland 70% of energy still comes from coal, and we cannot stop financing our customers all at once.”


Spanish renewables

ESG Funds And Management Fees.

Ricardo Jimenez (Sigma Rocket) | In the last 18 months, sustainability has definitely made its way to the top of investors’ agendas. Gone is the old Corporate Social Responsibility driven by companies, a kind of philanthropic activity towards society, corporate marketing with little interest for fund managers. This change in mentality, supported by the circumstances arising from Covid 19, is being driven directly by investors, both institutional and retail. There…


ChinaSolarPanels

China’s Dominance In The Solar Industry: A Danger For Massive ESG Investment

Portocolom AV | China currently dominates the solar industry, with Chinese companies controlling around 80% of the global solar supply chain, from raw material refining to panel production and assembly. In 2020, 45% of the global supply of poly silicon, the key refined material that comprises 95% of solar panels, came from China’s Xinjiang Uyghur Autonomous Region. The governments of the US, UK, Canada and the Netherlands have declared that China has committed genocide and crimes against humanity in its treatment of Uighurs and other Muslim-majority peoples in Xinjiang.