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.”

Source: https://www.trucost.com/trucost-news/ecolab-trucost-and-microsoft-collaborate-to-help-businesses-address-water-risks/

[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.

Source: www.e3g.org/news/media-room/e3g-press-release-missing-in-action

[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.

Source: www.ipe.com/countries/netherlands/pme-to-link-10-of-assets-to-un-sustainability-targets/10018125.article

[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].

Source: www.corporateknights.com/channels/responsible-investing/irish-take-big-step-towards-divestment-14900724/

[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.

Source: www.unpri.org/page/pri-launches-proxy-voting-declaration-system

[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”. ■

Source: http://www.fairr.org/resource/restaurant-sector-antibiotic-risk-progress-report-2017/

[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.

Source: www.reuters.com/article/us-usa-climatechange-congress-idUSKBN16M235?utm_content=buffer7e6bc

[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.

Source: www.fnlondon.com/articles/aviva-backed-benchmark-ranks-companies-on-human-rights-20170313

[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.

Source: www.commonspace.scot/articles/10526/scottish-councils-slammed-investing-17bn-climate-wrecking-pension-funds

[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.

Source: www.ipe.com/news/esg/uk-managers-dominate-responsible-investment-rankings/10018003.article