KBPR’s Post

Over the last decade there has been an increased focus on sustainability in all walks of life including for pension schemes. Barnett Waddingham’s Clare Keeffe explores the new fiduciary duty guidance from the Financial Markets Law Committee on how it can help pension schemes incorporate sustainability concerns into their investment decision-making process. #Sustainability #PensionSchemes #PensionsforPurpose https://ow.ly/VQuU50RFpQh

Keep hearing about litigation related to ESG (environmental, social, and governance) goals and want a more comprehensive understanding? Here's an article I wrote with help of my Edgeworth Economics' colleagues that gets into the different varieties of ESG lawsuits and how they have been faring in courts. #ESG #litigation

If you're going to draw your pension after 2050, as many of us will, it's worth considering that much of the world economy has committed to be net-zero by then. A new paper from the Financial Markets Law Committee has given much needed guidance to investors when it comes to considering climate change and sustainability. UKSIF CEO James Alexander spoke to Frances Schwartzkopff at Bloomberg News about what this means. "Our view has been that fiduciary duties need to be clarified in relation to sustainability. This paper certainly does that." Read the full article here: https://lnkd.in/ecVkt_rs

In June 2024, a four-day trial was held in the U.S. District Court for the Northern District of Texas to determine if American Airlines had violated its duties to employees by allowing the asset managers of its employees’ 401(k) plans to pursue ESG goals. The imminent decision in this case will set a precedent for cases alleging breach of fiduciary duties under the Employee Retirement Income Security Act resulting from ESG-focused investing. In this #EdgeworthInsights piece, Edgeworth expert Sushrut Jain observes how this decision fits into the landscape of ESG litigation and provides a comprehensive overview of the types of matters we are seeing in this space.   Read more here: https://lnkd.in/eryN3MxE   #ESG #DEI #economics

Who is responsible if the effects of climate change wipe out half your pension? It's a big question with big consequences. The UK government asked a group of expert lawyers and investors to come up with an answer. This insight from our expert IIGCC Legal Counsel, Jane Murray pulls out the highlights ⤵ https://lnkd.in/eDA7M8fU #NetZero #ClimateChange #FiduciaryDuty

Except that pension funds hinge their supposed do-goodery to sustainability, which does not exist anyhwere in a universe subject to the decline of available energy, called entropy. Policy should not come from pension funds, but from a government capable and responsible for establishing the theory, in Einstein's words, that determines what humanity can and must discover. Read up: https://lnkd.in/esi6paq7

The UK Sustainable Investment and Finance Association UKSIF calls on regulators to clarify the relationship between pension fund trustees’ fiduciary duty and their obligations on climate-related risks. “The risks around sustainability are already so clear. We want to make it crystal clear that as a normal part of their everyday work, trustees should be factoring in sustainability considerations without worrying about whether they will be sued,” says UKSIF chief executive James Alexander. Read more below. #fiduciaryduty #sustainablefiance #sustainabilityrisks https://lnkd.in/ew8tbP8g

"#Ecocidelaw could provide a new global framework within which companies are SUPPORTED in their moves toward #sustainability" 🌱 In a fascinating new piece for Fast Company, Charlotte O'Leary, CEO of impact investment powerhouse Pensions for Purpose, puts forward the business case for ecocide law! Criminalising #ecocide would work to incentivise good business practice and deter the most severe harms to nature. In doing so, it would both protect the environment AND create the conditions for business to thrive, a win-win situation! Read the full piece HERE 👉: https://lnkd.in/dn6giknn Are you a business professional or business owner who wants to see a shift toward nature-friendly practices? You can join the growing list of supporters in our business network! Just head to our website 💼: https://lnkd.in/ecbwPzbG #StopEcocide

Australia’s federal court has imposed an A$11.3 million ($7.4 million) fine on Mercer Superannuation for false claims about the environmental, social, and governance (ESG) aspects of its pension fund investments, the Australian Securities and Investments Commission (ASIC) announced. Read more: https://lnkd.in/g4Cvk7JE Sarah Court #ESGInvestment #ESGClaims #Australia #SustainabilityNews

Wolf Popper LLP Of Counsel, Adam Savett, to Speak on "What’s new in the world of securities litigation? Why does it matter and how did we get here?" at the Annual Opal Group/LATEC Investment Education Symposium on February 8, 2024 at the Royal Sonesta in New Orleans, LA. #LATEC #OpalLATEC #opalgroup #publicpension #publicsafety #retirementsecurity #securitieslitigation #shareholderactivism #wolfpopperllp #lawfirm #SecuritiesClassAction #classactions #legal #legalservices #attorney #leadplaintiff #investors #shareholder #classactionlawsuit #classaction #shareholders #publicpensions #publicfunds #plansponsors #tafthartley #unions #unionstrong #tafthartleypensions #innovation #plansponsor #continuingeducationcredits #portfoliomanagement #investmentmanagement #fiduciaryduty #continuingeducation #PortfolioMonitoring #governance #ESG #compliance #conference #sustainability #transparency #leadershipdevelopment #corporategovernance #investmentmanagement #DefinedBenefits #governance #professionaldevelopment #Fiduciary #cecredits #pensions #retirement #litigation #fiduciaryeducation #fiduciaryresponsibility #riskmanagement #riskmanagementmitigation #liabilitymitigation #fiduciaryenhancement