All posts by philcain

[cutting] Ecolab, Trucost and Microsoft collaborate to help businesses address water risks | Trucost

“By utilising Trucost’s data, analytics and insight, the Water Risk Monetizer seeks to quantify water quality risks and the potential impact of water scarcity on a facility to help businesses make better informed decisions on water strategies and management.”


[cutting] Third of signatories to UN Principles for Responsible Investment employ no ESG experts | E3G

 …A further 20% employ only one such expert [in environmental, social and governance matters]. This means that over 500 of these world leading investment companies, managing $6.9 trillion in assets, employ one or fewer experts in responsible investment.


[cutting] PME to link 10% of assets to UN sustainability targets | IPE

The €45bn Dutch metal industry scheme PME said it will improve its ESG policy by linking 10% of its assets directly to United Nations sustainability targets over the next five years.


[cutting] Irish take big step towards divestment | Corporate Knights

Passage of the bill would mark a significant victory for the fossil fuel divestment movement, marking the first time a country has decided to fully divest its sovereign wealth fund [which amounts to €8 billion].


[cutting] PRI launches proxy voting declaration system | PRI

The Principles for Responsible Investment is pleased to announce the launch of its proxy vote declaration system. This is a voluntary opportunity for investors to publicly declare how they intend to vote on shareholder resolutions around environmental, social and corporate governance issues filed or co-filed by PRI signatories in advance of the upcoming 2017 proxy season.


[summary] Tackling antibiotic risk in restaurants, first year update | FAIRR, ShareAction

  • Since it began in March last march the $1 trillion group of investors engaging on this issue has doubled in size to to $2 trillion
  • 70% of companies now have either a comprehensive or partial policy to prohibit antibiotic use in poultry, up from 50% in March 2016
  • 80% of companies report they are now actively engaging with suppliers to monitor antibiotic use
  • Yum! Brands is the only company that ignored a request for further information
  • None of the companies surveyed have developed fully comprehensive, publicly available antibiotics policies to cover their entire livestock supply chain

Notable examples

  • McDonald’s USA has committed to eliminate the use of antibiotics important to human medicine in its chicken supply
  • London-listed company The Restaurant Group has committed to, ”Phasing out the routine, purely preventative use of antibiotics in groups of entirely healthy animals.”

Wider recognition of the issue

  • The European Medicines Agency (EMA) and European Food Safety Authority (EFSA) issued a joint statement last year saying, “Reducing the use of antimicrobials in food-producing animals, replacing them where possible and re-thinking the livestock production system is essential for the future of animal and public health”. ■


[cutting] In challenge to Trump, 17 Republicans in congress join fight against global warming | Reuters

Seventeen congressional Republicans signed a resolution on Wednesday vowing to seek “economically viable” ways to stave off global warming, challenging the stated views of President Donald Trump, who has called climate change a hoax.


[cutting] Aviva-backed benchmark ranks companies on human rights | Financial News

Costco, the US retail group, and the copper miner Grupo Mexico have been named the worst laggards on human rights standards in a new ranking from Aviva Investors of firms on their respect for humanitarian ideals.


[cutting] Scottish councils slammed for investing £1.7bn into climate-wrecking pension funds | Common Space

According to the report 4.8 per cent of the Scottish local government pension scheme is invested in fossil fuels with £543m being directly connected to oil and gas and £113m to coal.


[cutting] UK managers dominate responsible investment rankings | IPE

Schroders, Aviva Investors, and Standard Life Investments ranked 1, 3, and 5 respectively in ShareAction’s analysis of 40 major European asset managers. French groups also performed strongly, with Amundi, Natixis, and AXA all in the top ten.