The resignation of CalPERS CIO Ben Meng on ethics charges revolving around his investments spurred board to review new restrictions.
Asset Management Culture
Sustainalytics Founder Michael Jantzi says COVID-19 has been a catalyst for ESG investing.
The standard developed by the global alliance of allocators and EY Consulting will be released next year to assess which businesses are leading the transition to net-zero carbon.
Pension lifeboat takes over defined benefit plan covering 24,000 current and future retirees.
Canadian fund also names Deborah Orida as head of real assets.
Actuary recommended changes because of increasing life spans and lower-than-expected returns.
The partners will invest up to $190 million in combined equity into the project.
The $1.17 trillion fund also placed PetroChina on watch for three years over ‘gross corruption.’
The vast majority of pensions now consider the environmental, social, and governance risks to their investments.
The divestment addresses concerns raised at a parliamentary hearing earlier this month.
Board Chairman David Murray leaves, along with another director, as Boe Pahari steps down as AMP Capital’s new CEO, after uproar over Pahari’s promotion in light of 2017 harassment complaint against him.
The decision was approved by the country’s banking regulatory authority in the first half of the year.
He could face penalties of $5,000 per violation if he is found to have breached ethics regulations.
Ingram steps down after being placed on administrative leave due to ‘performance issues.’
She will replace Edward Mason, who left earlier this year.