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Fund manager: $300 oil is ‘not impossible’ within a few years – Business Insider

May 9th, 2018  |  Published in UKSIF in the news, Uncategorized by uksifadmin

  • Leading oil hedge fund manager, Pierre Andurand, said that $300 per barrel oil is “not impossible” within the next few years.
  • Lack of investment in new production due to low oil prices and fears of electric vehicle peak demand could create higher crude prices, Andurand said in a tweet on Sunday. 
  •  ”So paradoxically these peak demand fears might bring the largest supply shock ever,” he wrote, adding, “If oil prices do not rise fast enough, $300 oil in a few years is not impossible.” 

 

Full article available here.

 

Fund managers expect climate risks to hit oil firm valuations, The Economic Times

April 26th, 2018  |  Published in UKSIF in the news, Uncategorized by uksifadmin

A survey of 30 fund managers with collectively more than 13 trillion pounds ($18 trillion) in assets under management shows that 89 percent think climate changerisks will impact oil company valuations ”significantly” in the next five years.

* This is represents a doubling on last year of fund managers who saw climate risks impacting oil firms in five years

* The annual survey was carried out by the UK Sustainable Investment and Finance Association and the Climate Change Collaboration

Full article here.

Three Risks That Are Haunting Big Oil, Forbes

April 26th, 2018  |  Published in UKSIF in the news, Uncategorized by uksifadmin

In the UK, climate related risk has moved from the NGO agenda to that of asset managers. A recent survey reported that fund managers believe International Oil Companies (IOCs) will be negatively revalued within a few years due to climate change related risks.

According to the report from the UK’s Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration, 90% of fund managers expect at least one risk to impact significantly the valuation of IOCs within 2 years. The three main risks that are under discussion are:

  • Reputational damage because of their role in causing climate change;
  • Litigation for losses from climate change; and
  • Regulation to curtail fossil fuel pollution

Full article here.

Asset managers warn oil company values likely to fall within five years, Eco News

April 26th, 2018  |  Published in UKSIF in the news, Uncategorized by uksifadmin

Increasingly banks and investors are looking to shift their focus away from high carbon industries, and there is growing evidence fund managers are becoming increasingly concerned that the value of oil companies could be about to fall.

New research just published by the United Kingdom Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.

 

Full article here.

 

Fund managers expect climate risks to hit oil firm valuations -survey, Reuters

April 26th, 2018  |  Published in Uncategorized by uksifadmin

* A survey of 30 fund managers with collectively more than 13 trillion pounds ($18 trillion) in assets under management shows that 89 percent think climate change risks will impact oil company valuations “significantly” in the next five years.

* This is represents a doubling on last year of fund managers who saw climate risks impacting oil firms in five years

Full article here.

 

Oil company values likely to fall within five years, warn asset managers, Business Green

April 26th, 2018  |  Published in UKSIF in the news, Uncategorized by uksifadmin

New survey reveals share of fund managers who expect value of oil firms to drop in coming years has doubled in the last 12 months

As a growing number of banks and investors look to shift their focus away from high carbon industries, fund managers are becoming increasingly concerned that the value of oil companies could be about to fall.

Over a year which has seen large banks halt funding for fossil fuel projectsmajor institutions divest from oil, gas and coal holdings, and oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.

 

Full article here.

‘Bad’ investments are putting charity donations at risk – Charity Finance

April 9th, 2018  |  Published in UKSIF in the news, Uncategorized by uksifadmin

Charlene Cranny, Charity Finance

CHARITIES COULD lose supporters if they don’t ensure that environmental and social issues are considered when it comes to investing their charity’s pension, endowment or other assets. Research for Good Money Week by YouGov last year found that 77 per cent of GB public would be likely to withhold donations if they found out that a charity invested its endowment or other assets contrary to its mission. High profile charities such as Comic Relief have faced criticism in recent years on this issue.

 

Full article.

 

Edinburgh Conference 2018 Presentations

April 6th, 2018  |  Published in Uncategorized by uksifadmin

POLICY BRIEFING: Brand new EU recommendations for growing sustainable finance

 

Simon Howard and Fergus Moffatt, UKSIF

 

 

INVESTOR ACTION: The Investor Agenda and Climate Action 100+

Sebastian O’Connor, Senior Project Officer, CDP

 

PANEL: New tools to integrate energy transition risks

 

Dr Jean-Christian Brunke, Senior Consultant, The Co-Firm

 

Claudio Dicembrino, Head of Macroeconomic and Energy Analysis and Forecasting, ENEL

 

Samuel Mary, Senior Sustainability Research Analyst, Kepler Cheuvreux

 

Laura Ramirez, ET Risk Project coordinator, 2° Investing Initiative

 

 

 

WORKSHOP: Active, Passive and Asset Owner ESG Policy Benchmark Adoption

 

Guido Guise, Executive Director in the Equity Applied Research team, MSCI.

 

 

PRESENTATION: Blood Oil: Tyrants, Violence, and the Rules That Run the World

 

Leif Wenar, Author and Chair of Philosophy and Law, King’s College London

Paul Jourdan, CEO, Amati Global Investors

 

 

PRESENTATION: Natural Capital Protocol – A new finance sector supplement

 

 

Rudy Verstappen, Senior Project Manager Responsible Investment, VBDO

Hannah Pitts, Relationships Director, Natural Capital Coalition

 

 

 

WORKSHOP: Measuring, valuing and monitoring natural capital assets

Ece Ozdemiroglu, Managing Director, Eftec

Adams Koshy, Consultant, Eftec

 

PANEL: Workforce satisfaction: Improved performance through disclosure

 

James Coldwell, Investor Engagement Officer, ShareAction

 

George Daskalakis, Lecturer in Finance, University of East Anglia

Bertille Knuckey, Head of Sustainable Investment and Happy@Work Fund Manager, Sycomore Asset Management

 

WORKSHOP: Biodiversity footprinting – calculating the impact of loans and investments on biodiversity and resulting action perspectives

 

Wijnand Broer, Partner and Senior Consultant, CREM

Mark Goedkoop, Founder, PRé Sustainability

 

 

QUICK FIRE PRESENTATIONS: ESG risk in palm oil and forestry

 

Clara Melot, SPOTT Engagement and Impacts Manager, Zoological Society of London Climate risk in agriculture – the next issue for investors?

 

Iain Watt, Principal Climate Change Specialist, Forum for the Future Plant-based profits: investment risks and opportunities in sustainable food systems

 

 

 

Maria Lettini, Director, FAIRR Initiative

 

 

PRESENTATION AND WORKSHOP: The G20 Task Force on Climate-related Financial Disclosures – scenario analysis.

Max Crawford, TCFD Consultant, ERM

Marion de Marcillac, Vice President, ESG Products, MSCI

Tara Schmidt, Principal Consultant, Global Low-Carbon Transition, ERM

‘Bad’ investments put charity donations at risk, warns YouGov poll for Good Money Week

October 11th, 2017  |  Published in Press Releases, Uncategorized by uksifadmin

  • Poll for Good Money Week finds 77% of UK public said they would be unlikely to donate to a charity if its endowments or other assets were invested contrary to its mission.
  • Strong warning from “Grey” pound with 84% of over 55s unlikely to donate to charities, who invest in companies that worked against their mission, compared to 68% of adults under 24.
  • 54% of UK public (and 60% of over 55s) back a new law to mandate charities to offer donors details of the companies in which they invest.
  • 71% of UK public think charity assets should only be invested in companies that pay the national living wage.

 

Full press release here

 

Investment consultants join with AMNT/ UKSIF to increase client ESG awareness

September 25th, 2017  |  Published in UKSIF in the news, Uncategorized by uksifadmin

Monday 25th September

Adam Cadle, MoneyAge

Twelve investment consultants have agreed to ensure clients are made aware of The Pensions Regulator’s guidance that pension schemes take into account environmental, social and governance factors where they are financially material according to the AMNT and UKSIF.

The TPR guidance and this initiative reflect growing recognition that ESG factors will affect the value of pension funds: the Governor of the Bank of England has suggested that climate change may affect the value of a third of shares and bonds; shares in Volkswagen fell sharply as the governance scandal unfolded; and the public seems more likely to boycott firms that fall short in employment standards.

 

Read the full article here.