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…


“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…

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“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…


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.


“The Pandemic Has Implied Greater Interest In Sustainability”

“The pandemic has implied a deep transformation in all aspects and the greater interest in sustainability is one of those changes. In the last months, we have seen inflows and better performance data in ESG funds. The raise of ESG investment will imply a greater pressure on issuers to prove that they are able to manage this type of risks and the opportunities triggered by a situation like this.” says Ana Rivero, Global Head of Investment Content and ESG, Santander Asset Management.


ESG Investing In Spain: A Tsunami Of Regulations And Standards; Little Information From Companies And Investment Fund Managers Under Pressure

KPMG, DWS, BNP and Caixabank analyse the changes that sustainability regulation will bring about for companies, markets and investors. In a virtual meeting held at the IEAF-FEF, sustainability experts explained the challenges they face in the ever-changing legal and operational framework surrounding sustainability at an international level.