Dutch Pension Divests from Korean Firm over Deforestation
APB sells off €300,000 worth of shares in Posco Daewoo due to impact of palm oil plantations.
APB sells off €300,000 worth of shares in Posco Daewoo due to impact of palm oil plantations.
Japan’s Government Pension Investment Fund fails to beat its 2014 return record after fourth-quarter stock and treasury slump.
Strong returns and new legislation help raise funded status to 61% from 58%.
ATP needs higher returns to meet future needs of population, with newborns adding 2-4 years to projected lifespans.
Board of managers upholds 1991 policy to seek financial results, not social objectives.
The ESG-related securities will contribute to the fund’s $2.3 billion renewable energy investment plans.
Contributions may increase for existing beneficiaries.
Projections now show a 90% chance the program will run out of money in seven years.
Labor minister says everyone should have a choice concerning Pillar II.
North American exits make way for European entrants to the group.
Sales fall sharply from $11.1 billion in previous quarter.
The country’s sovereign wealth fund will transfer the initial €1.5bn ($1.75bn) to the plan.
Fund says its producers have a grim future as society abandons the fuel as an energy source.
CEO expects fund to report double-digit losses once every 10 years.