Newsmakers
NYC Comptroller Accuses BlackRock of Bailing on Net Zero
Brad Lander says the ‘contradiction between BlackRock’s statements and actions is alarming.’
Tag: Climate Change
Risk
CalSTRS Votes on Record Number of Shareholder Proposals
The $315 billion pension fund has voted on more than 1,000 shareholder proposals during the 2022 proxy season, many of them climate-related.
Asset Allocation
Northwestern Sets New Fossil Fuel Investment Guidelines
The university says it will also boost investments in cleaner energy companies.
News
Sovereign Wealth Funds Reap Benefits of Pandemic Dislocation
Direct investments by sovereign wealth funds rise to record level in 2021.
Newsmakers
Net-Zero Pledges Aren’t as Green as You Think, Says New Study
Of the 25 asset managers studied that were members of the Net Zero Asset Manager Initiative, not a single one required companies in their portfolios to stop developing new projects with coal, gas, and oil.
Asset Allocation
Proposed Bill Would Require CalPERS, CalSTRS to Divest Fossil Fuels
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
Newsmakers
CPPIB Targets Net-Zero by 2050
The $433.6 billion pension giant plans to nearly double its green and transition investments to over $100 billion by 2030.
Newsmakers
Sustainable Funds See Record-Breaking Year in 2021
ESG funds attracted nearly $70 billion in net flows last year, a 35% increase from 2020.
Asset Allocation
Green Fossil Fuel Companies: Are They Possible?
The data so far seems grim, with one notable exception.
Asset Allocation
British Pension to Shift $6.7 Billion Away from Polluters
USS is the largest private pension fund in the UK.
Asset Allocation
Insurance Firms Seek Out Sustainable Investments for Higher Yields
A report finds climate change and a low-return environment are spurring ESG investing among insurers.
Newsmakers
Pressure Mounts on CalPERS to Ditch Fossil Fuels
One public commentator accused the pension fund of investing in ‘merchants of death.’
Asset Allocation
UK Pension Plans Lag Behind in Climate Change Plans
The availability of climate-related data can be a significant issue for trustees.
Manager Selection
Canada’s CPPIB Taps Deborah Orida as Its First Chief Sustainability Officer
The pension fund’s Sustainable Investing group will be moved to the Real Assets department.
Newsmakers
Larry Fink Says We Need to Work With, Not Against Hydrocarbon Companies. But Can We Trust Them Given Their History?
The CEO of BlackRock, the largest money management firm in the world, argued for moving to a more decarbonized business model worldwide.