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.
Tag: Climate Change
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.
Asset Allocation
Dartmouth to Phase Out Fossil Fuel Investments
The college warns that climate change effects are ‘real, far-reaching, and getting worse.’
CDPQ Unveils Climate Strategy to Reach ‘Net Zero’ by 2050
The Canadian pension giant plans to completely exit oil production investments by the end of next year.
Asset Allocation
Boston University Joins Harvard in Divesting From Fossil Fuels
The $3 billion endowment, which eliminated coal and tar sand investments in 2016, will phase out crude oil and natural gas immediately.
Asset Allocation
Ceres Launches Program to Help Food Sector Reach Paris Agreement Goals
The group says the global food system accounts for one-third of the world’s emissions, and it wants institutional investors’ help to engage the highest polluters.
14 UK Pension Funds Sign Prince of Wales’ Climate Pledge
Investors with $315 billion in assets under management commit to setting net-zero goal within a year.
GOP Senators Lash Out at BlackRock, State Street for ‘Left-Leaning’ ESG ‘Pressure’
Pat Toomey and Ron Johnson say firms’ CEOs are putting personal views above their fiduciary duty.
Risk
GAO Says US Gov’t Retirement Plan Vulnerable to Climate Risk
Its report recommends the Thrift Savings Plan be evaluated for its exposure to climate change risks.