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Fund EcoMarket

the sustainable, responsible and ethical investment information hub

Climate Change

UKSIF ‘Ownership Day’ fund manager survey ‘Oil Pressure Gauge’

On 1 May UKSIF celebrated its annual ‘Ownership Day’ with an event at the London Stock Exchange and the publication of a fund manager survey that looks into how different managers view the oil industry ‘Oil Pressure Gauge’ .  Its focus is around ‘responsible ownership’ or what many now call ‘stewardship’ and the role it […]

Understanding Sustainability funds

A growing number of funds are now marketed as being ‘sustainability themed’ or having sustainability related themes (often in addition to ethical, ESG or other SRI strategies). These funds employ many different strategies, methods and ‘lines of thought’.   For most,  sustainability is demonstrably central to their investment proposition (via various policies, themes and research criteria). […]

Global Sustainable Investment Alliance (GSIA) report published

The Global Sustainable Investment Alliance (the international network of SIFs, that includes friends at UKSIF and Eurosif) has this week published its biennial global market report covering the period 2016-18 The report shows substantial growth in sustainable and responsible investment assets under management across all areas – with the exception of the EU as a […]

PRA & FCA Climate Financial Risk Forum- first meeting

Source: FCA website 12 March 2019 First meeting of the PRA and FCA’s joint Climate Financial Risk Forum Press Releases Published: 12/03/2019 Last updated: 12/03/2019 On Friday 8 March, the PRA and FCA hosted the first meeting of the Climate Financial Risk Forum (CFRF). The objective of the CFRF is to build capacity and share best practice across financial […]

SRI Services responds to FCA Climate Change and Green Finance Consultation

SRI Services submitted a response to the FCA’s highly welcome consultation on Climate Change and Green Finance (DP18/8) last week. You can read our submission here.   Alternatively – here are our 12 key points that we would like the regulator to formally recognise and act on. The role of investors is central to our ability […]

FCA DP18/8 consultation: Climate Change and Green Finance deadline looming

As mentioned in my blog in October last year the FCA is consulting on climate change and green finance. SRI Services plans to respond to this important paper – both by welcoming it and by responding to those questions that fall within our area of expertise. DP18/8: Climate change and green finance DEADLINE – 31 JANUARY […]

‘Sustainability & Suitability’ SRI event videos

I am delighted to share the videos from our ‘Sustainability and Suitability’ SRI event for those who were unable to attend on the day. Keynote speaker Lord Deben’s climate change speech was a particular highlight.

Why Climate Change Matters to Investors – Lord Deben video from our 3 October event

We were absolutely delighted to welcome Lord Deben (John Gummer) to our SRI Services and Partners event on 3 October 2018. Lord Deben spoke elequently and passionately on ‘Why Climate Change Matters to Investors’ – his speech can be viewed here, on the Fund EcoMarket YouTube channel: (And yes, we concur with the view that […]

FCA opens discussion on impact of climate change and green finance on financial services

SRI Services welcomes today’s announcement, which reads as follows: FCA opens a discussion on the impact of climate change and green finance on financial services Press Releases Published: 15/10/2018 Last updated: 15/10/2018 The Financial Conduct Authority (FCA) has today published a Discussion Paper on climate change and green finance. The effects of climate change and the associated transition to […]

New PRA report: The Impact of climate change on the UK banking sector

The Bank of England has taken a leadership position on climate change for a number of years. Governor Mark Carney’s ‘Tragedy of the horizons’ speech in 2015 set the scene for how the Bank viewed the issue of climate risk. Their subsequent work on the FSB TCFD framework has put climate change on the agenda for […]

UK Government changes pension trustee duties and rules to include ESG

The article below my ‘preamble’ is reproduced with kind permission from  ‘Responsible Investor’ – published yesterday (11/9/2018). But first an introduction… Executive summary for retail professionals: In brief, the DWP has announced that they will expect pension trustees to consider ESG risks and opportunities – and specifically reference ‘climate change’ as an area they should […]

ILP Moneyfacts: SRI lightbulb moment editorial

Investment Life and Pensions Moneyfacts magazine’s front page piece this month is devoted to ‘sustainable, responsible and ethical investment’. The editorial, which you can read here focuses on the shifts in regulation that have been a lightbulb moment for investors – who are increasingly recognising the importance of environmental and social issues. The article includes a […]

EU proposes action to support sustainable finance

Yesterday was a big day for those of us who care about how investment and financial services impact the world we live in. The following is a direct ‘cut and paste’ version of a press released issued by the European Commission, complete with links. The potential implications of this are very significant for all in […]

EU Announces Sustainable Finance Action Plan

On 8 March 2018 the EU published its response to the Sustainable Finance HLEG (High Level Expert Group) report issued in January.  Go to the new EU Sustainable Finance information here. The report is accompanied by an action plan and an event which will be live streamed on 22 March. I am yet to digest the report, however […]

EU HLEG Final Report – Sustainable Finance

The EU High Level Expert Group on Sustainable Finance published by far the most welcome document I have seen in a very long time (if ever) at the end of January this year. The HLEG, which comprised 20 experts (6 of whom were from the UK) has brought together a range of proposals that relate to the […]

Green Finance Inquiry (UK)

As readers may already know the government has said it is committed to supporting the hugely diverse (and essential) area of  ‘Green Finance’. Part of the process of developing this area involves calling for input in the form of a government inquiry. Written responses were requested for submission by  3 January – they can now be found here. […]

ILP Moneyfacts SRI articles: Climate Risk and Ethical Fund Survey

  This month saw the publication of two SRI/ethical investment articles in ‘Investment Life and Pensions Moneyfacts’ magazine.  One was written by Moneyfacts editor Richard Eagling, the other by myself. See here for the ILP Moneyfacts annual ethical and SRI fund survey – Ethical Funds Survey July 2017 See here for my climate risk article (and in particular […]

NRG – a topsy turvy case study

I have Raj Thamothram of Preventable Surprises to ‘thank’ for bringing this shocker of a story to my attention. In brief – this is a tale of the investment markets rewarding a company for turning its back on green issues and attempting to turn back the clock. There is much to say and many questions to ask – including how […]

HLEG – EU sustainable finance interim report published

The EU has recently published its High Level Expert Group (HLEG) Sustainable Finance interim report. This ambitious and significant report covers issues ranging from financing greener infrastructure to the labelling SRI funds. Although mainly aimed at institutions the implication is that the final recommendations will also impact individual (retail) investors. The EU plans to start implementing changes at the start of 2018 […]

TCFD report final report – managing climate risk

The Task Force on Climate-related Financial Disclosure has today issued its much heralded final report the purpose of which is to establish a framework for company reporting that will enable investors to better assess and manage climate risk. The Financial Stability Board, chaired by Governor of the Bank of England Mark Carney set up the TCFD (Task Force […]

Actuaries issued climate change Risk Alert

Actuaries sent risk warning by professional body (IFoA) regarding material risk of climate change for pension schemes and other clients.

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Latest News

Understanding Greenwash
November 13, 2019

Recent media coverage, generated in part in response to a recent report by SCM*, indicates that greenwash fears are growing apace. This is of course a huge shame as when we talk about funds that focus on environmental, social and ethical issues we would all much rather be talking about their benefits relative to their […]

FCA Feedback Statement on Climate Change and Green Finance
October 18, 2019

FCA statement on climate change and green finance

More than a third of pension schemes considering appointing IFA – XPS. (So be informed about ESG!)
October 17, 2019

  The news that a third of  XPS pension schemes either have an IFA or are likely to be looking for one is important news for the ESG/SRI community – and I’d like to thank Mike Clark (Ario Advisory), who spoke at our event last Wednesday, for bringing the following to my attention. This, to […]