News in brief: 30 September

CO2 emissions from the listed shares and directly owned credit bonds in Sampension’s portfolio fell by 14 per cent in H1 2022.

This represents a reduction of 41 per cent in CO2 emissions among the companies in which Denmark’s Sampension has listed shares or credit bonds in since the beginning of 2020. Sampension’s responsible investment policy states that its investments should have net-zero carbon emissions by 2050. "It works when investors start putting pressure on companies to change their climate behaviour. We take part in that effort to a large extent - it happens through direct dialogues with the companies that we participate in dialogue programs and are members of international collaborations such as Climate Action 100+ and CDP,” said Sampension senior analyst, Steen Hauskou Bertelsen.

Dutch pension fund BPF Schilders has selected Kempen Capital Management to provide it with fiduciary management services.

The €8bn pension fund, assisted by Montae & Partners, carried out a “comprehensive and thorough” selection process over the past year. Kempen Capital Management is the investment arm of Van Lanschot Kempen, and its services will comprise a full fiduciary management mandate. The pension fund manages the pensions for employees and employers in the decorating, painting, building finishing, and glazing industry. In total, it oversees the pensions of more than 100,000 members.

France's Crédit Mutuel Alliance Fédérale has initiated a review to create an asset management division.

The bank’s objective is to gather all the third-party asset management structures within a multi-boutique business model and to build a client-centric organisation. The new organisation would aim to draw on the strengths of each structure and require the pooling of support functions around a single framework and a common holding company.

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