China ESG - Weekly news update: GPIF opposes inclusion of China gov bonds by FTSE Russell

BlackRock boosts sustainability analytics with stake in Clarity AI

BlackRock has taken a minority stake in Clarity AI, a Spanish fintech firm that uses machine learning and big data to help investors understand the societal impact of their investment portfolios.

BlackRock says it will integrate Clarity AI’s capabilities with Aladdin, its end-to-end operating system for investment professionals.

Source: Finextra

New Korean Exchange Disclosure Rules to Boost ESG Transparency

New mandatory ESG disclosure requirements announced by the Korea Exchange (KRX) in January 2021 may contribute to a growing volume of data that could influence the willingness and ability of investors and other financial institutions to apply ESG due diligence and exclusionary processes, says Fitch Ratings.

The new rule requires companies listed on the main Kospi market with over KRW2 trillion (USD1.8 billion) in assets to disclose ESG reports by 2025, which will be extended to all companies by 2030.

Source: Fitch Rating

GPIF opposes the inclusion of China gov bonds, FTSE Russell in an awkward position

Index provider FTSE Russell (FTSE Russell) announced last year that Chinese government bonds will be included in the World Government Bond Index (WGBI), and it is expected to take effect in October this year and complete in September next year. But right now, FTSE Russell is facing strong opposition from Japanese institutional investors, including the Japanese Government Pension Investment Fund (GPIF), the world's largest pension fund.

Source: Insights & Mandate

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