Norges Bank Reports Early Signs of Success in 1st Year of Climate Action Plan
A growing number of portfolio companies held by Norway’s $1.5 trillion sovereign wealth fund are adopting net-zero targets.
ESG
Commentary: Energy Transition Wave to Dominate Investment Landscape
A huge wave of change will create substantial risk and opportunity for institutional investors across geographies, sectors and asset classes.
NYC Comptroller: Major Banks Neglect Their Own Net Zero Goals
Three of the city’s pension funds filed shareholder proposals seeking greater fossil-fuel transparency at six of the largest banks in North America.
Ontario Teachers’ Seeks Greater Accountability, Transparency in 2024 Proxy Season
The $184 billion pension giant is asking its portfolio companies to improve their climate-change risk management.
NYC-Led Investor Group Pans Starbucks’ Workers’ Rights Assessment
According to New York City Comptroller Brad Lander, a lack of worker input was among four main concerns with the evaluation.
Institutional Investor Group Urges Asset Managers to Deliver on Climate Strategies
A U.N.-backed alliance with $9.5 trillion in AUM warns that the entire global economic system is at risk from climate change.
New York City Pension Funds Report Calls 2023 ‘Difficult Year’ for Shareholder Proposals
Climate-related initiatives struggled due to a ‘well-funded backlash’ from conservative interest groups.
Oklahoma Retiree Files Injunction to Stop Anti-ESG Bill
The complaint claims the 2022 law not only violates the US and Oklahoma constitutions, but that that the financial costs to the state are ‘monumental.’
Canada’s CDPQ Invests C$200M in Swedish EV Battery Developer
The investment will go toward the construction of a lithium-ion gigafactory in Quebec.
UAE Plans $30B Climate Fund With Partners BlackRock, Brookfield, TPG
The Alterra fund aims to invest $250 billion by the end of the decade, focusing on ‘global climate solutions’ in emerging markets and less-developed economies.
Rockefeller Foundation Pledges to Go Net Zero by 2050
The $6 billion endowment will be the largest to pursue a net-zero target.
UN’s Net-Zero Asset Owner Alliance Proposes Climate Engagement Guidelines
A new report from the United Nations initiative aims to guide asset owners in setting and communicating about ESG goals with their asset managers.
CalPERS Pledges to Boost Low-Carbon Assets to $100B
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.
Knowledge of ESG, Integration and Greenwashing Remains Low
Institutional investors lack a common understandings about defining and integrating sustainable investing, speakers at CIO's Navigating ESG Livestream event say.
ESG-Related Disclosure Will Inform Investors’ Future Focus
Panelists at CIO's Navigating ESG Livestream discussed how corporate sustainability regulations coming to Europe next year will affect companies and investors globally.