Pensions
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.
Tag: Climate Change
Risk
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.
Asset Allocation
Energy Transition and the Global South
The World Economic Forum seeks to accelerate clean energy investment and opportunities in emerging markets; sees need for up to $2.8 trillion by 2030s.
Research
Higher Interest Costs Will Continue for Some Time, Study Says
The so-called ‘natural interest rate’ is on the rise and will keep the cost of money aloft into the 2030s, per Bloomberg Economics.
Asset Allocation
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.
Regulation
Proxy Voters, ESG Groups Continue to Face Congressional Scrutiny
Advisory service providers and a decarbonization nonprofit were served with subpoenas by the House Judiciary Committee.
Asset Management Culture
Rockefeller Foundation Commits More Than $1B Over 5 Years to Climate Transition
The philanthropic organization announced the strategy is unprecedented in the foundation’s 110-year history.
Risk
European Central Bank Warns Green Transition Needs to Quicken
The bank’s second climate stress test showed ‘there is a clear need for speed’ to meet the goals of the Paris agreement.
Asset Allocation
How 5 Of the World’s Largest Pension Funds Invest to Combat Climate Change
It’s trickier for some, like the Norwegian program, which is funded by North Sea oil.
Asset Allocation
Global Institutional Investors Increasingly ‘Shunning Coal’
Europe leads the way among institutional investors divesting from coal, according to a new report.
Asset Allocation
CDPQ Reports It Is on Target to Reach Net Zero by 2050
The Québecois pension fund increased its green asset investments by C$29 billion over five years.
Asset Allocation
NYC Pension Funds Have Reduced Emissions by up to 27% Since 2019
Three of the city’s five funds are looking to reach net zero greenhouse gas emissions by 2040.
Asset Allocation
NGO Study IDs Vanguard, BlackRock as Big Climate-Change Villains
A report from environmentalists knocks the two asset managers for investing heavily in fossil fuel companies, despite their pro-ESG stances.
Regulation
Gensler Defends SEC Proposals at House Oversight Hearing
SEC Chairman Gary Gensler spoke about the importance of SEC regulation on climate disclosure, swing pricing and artificial intelligence.
Regulation
Recent SEC Proposals to Come Under Scrutiny of Financial Services Committee
The full House Committee on Financial Services has scheduled an oversight hearing for the SEC next week, when climate disclosure will likely be a high priority.