UK Asset Owners and Managers to Form Sustainability Alliance
Nest and others are discussing how to embed environmental and other worthy goals into manager disclosures and selection.
Tag: Climate Change
Alternatives
‘Zero Cars, Zero Streets’: Saudis Hatch a Plan for Future City Living
Backed by the state sovereign wealth fund PIF, the idea to build a carbon-free city called ‘The Line’ at business hub NEOM was unveiled by the crown prince.
Pensions
Nest to Reduce Carbon in its Growing Emerging Market Strategy
The UK-based pension fund will drill down on renewable energy in the strategy, which will roughly double next year.
BlackRock to Double Down on Climate Offenders in 2021
The firm will boost shareholder challenges in 2021 over sustainability issues and expand its probes to twice as many companies as before.
Asset Management Culture
Canadian Pension CEOs Call for Increased ESG Disclosure
The eight funds, which represent $1.23 trillion in assets, said it is ‘vital’ that companies report standardized ESG data.
Alternatives
Ontario Teachers’ Finance Trust Issues First Green Bond
Canadian pension fund issues €750 million 10-year bond earmarked for sustainable investments.
Asset Allocation
Sustainable Investments Account for One-Third of AUM in US
Assets dedicated to such strategies have grown 42% in two years to nearly $17.1 trillion.
Research
Climate Disclosure Rises Sharply for Canadian Financial Firms
Report shows firms north of the border are increasingly adopting TCFD-aligned climate-risk disclosures.
Asset Allocation
Australia’s Largest Pension Fund Pledges Net Zero Portfolio by 2050
The $137 billion AustralianSuper has outlined a four-pronged approach to eliminate emissions within 30 years.
Asset Allocation
Nearly 50 Religious Institutions Divest From Fossil Fuels
A group of mostly Catholic organizations follows Pope Francis’ call for decarbonization of economies.
Asset Allocation
How Transitioning to a Low-Carbon Economy Impacts Equity Markets
JPMorgan report says the impact of climate transition across and within sectors is likely to vary significantly.
Alternatives
Principles for Responsible Investment Calls for Reversal of Anti-ESG Trump Policies
CEO of UN-backed group says Biden administration has opportunity to ‘make American finance great again.’
Risk
Australian Pension Fund Settles Climate Change Lawsuit
Mark McVeigh calls the settlement with Rest pension fund a ‘ground-breaking recognition’ of risks posed by climate change.
Alternatives
Net Zero Becoming More Affordable Says Goldman Sachs
Advances in technology, finance, and shareholder engagement are significantly reducing the cost of de-carbonization.
Pensions
UK Pension Consolidation, Climate Change: Main Trends over Next 5 Years
Survey finds pension industry executives believe combating global warming takes preference over generating high returns.