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.
Tag: Climate Change
Asset Management Culture
How Asset Owners Can Integrate ESG into Fixed Income
Greater data in the asset class will go a long way, says a Willis Towers Watson report.
Risk
Climate Transition Risk to Have Greater Impact on Ratings
The quick changes needed to meet Paris Agreement goals could disrupt a variety of sectors, says S&P.
Pensions
UK’s Largest Private Pension Fund Commits to Net-Zero by 2050
The $93.9 billion USS said it hopes to reach its goal even sooner than the Paris Agreement target.
Stanford Issues Novel Sustainability Bonds
The university says it’s the first higher-ed institution to issue bonds to reduce its adverse impact on the climate, which it plans to use to start a school focused on the environment.
Pensions
UK Parliament Launches Pension Industry Climate Inquiry
A committee seeks to examine government’s pension stewardship ahead of COP26 climate conference.
Asset Management Culture
Utah Endowment Considers Realignment Toward Sustainability
University’s Academic Senate approves recommendations to shift portfolio to ‘positive sustainability investments.’
Pensions
NY State Pension Commits to $400 Million in Sustainable Investments
The majority of commitments were for the world’s largest dedicated greenfield renewable energy fund.
Pensions
Investors Should Decarbonize Portfolios by 10% Annually, MSCI Says
The firm laid out plans for asset owners, managers, and other participants in a call to action this week.
Asset Management Culture
Church Commissioners to Reduce Carbon Emissions by 25% by 2025
The fund said it will achieve this mainly through its public equities and real estate portfolios.
Pensions
NY State Pension Restricts Oil Sands Investments
The $247.7 billion fund has its sights set on shale oil and gas companies next.
Pensions
UK Pensions Face Enforcement Action Over Climate Disclosures
The Pensions Regulator warns trustees not to shirk their climate risk disclosure responsibilities.
Asset Management Culture
Willis Towers Watson to Halve Carbon Emissions in OCIO Portfolios by 2030
Clients in the $166 billion discretionary business will see the firm incorporate climate-related opportunities and risks, it said.
Asset Management Culture
University of Pennsylvania Targets Net-Zero by 2050
The $14.9 billion endowment becomes the latest institutional investor to target the goals of the Paris Agreement.
Asset Allocation
University of Michigan Pledges to Become Net-Zero by 2050
The $12.5 billion endowment’s portfolio will immediately shift to sustainable assets and shun fossil fuels.