Asset Management Culture
Australia’s IFM Investors Targets Net Zero Goal by 2050
The $114.6 billion fund joins a growing list of pensions and endowments aligning with the Paris Agreement target.
Tag: Climate Change
The Hodgepodge of ESG Investment Standards Sparks Controversy
MIT study underscores the confusion of ratings, then DOL cites that in proposing curbing sustainability factors in retirement portfolios.
Asset Management Culture
Investor-Led Climate Action 100+ to Judge Companies on Sustainable Benchmark
The standard developed by the global alliance of allocators and EY Consulting will be released next year to assess which businesses are leading the transition to net-zero carbon.
Asset Allocation
Sustainable Water Fund Attracts $100 Million from Temasek, Microsoft
Clean technology firm Emerald Technology Ventures will invest in early- to expansion-stage businesses that address global water challenges.
Regulation
Sustainability Leaders to Work on Common Corporate Reporting Standard
The group of five firms is responding to criticism that inconsistent disclosures make ESG reporting confusing.
Risk
Climate Change Poses ‘Major Risk’ to US Economy, Says CFTC Report
Combating threat will require public and private investments ‘in the trillions of dollars.’
Newsmakers
Sept 10: Live Conversation with CalPERS’ Anne Simpson and ISS’ Viola Lutz on Climate Risk and Financial Performance
Register now to reserve your space at tomorrow’s CIO's Allocator Insights webinar.
Asset Management Culture
ESG Becoming the New Normal for European Pensions
The vast majority of pensions now consider the environmental, social, and governance risks to their investments.
Asset Allocation
UK Pension NEST Aims for Net-Zero Carbon by 2050
New climate change policy expected to halve portfolio’s carbon emissions within 10 years.
Alternatives
Majority of REITs Will Experience Water Scarcity by 2030, BlackRock Says
Properties built in the Southwest, as well as abroad in places such as Australia, Hong Kong, and Malaysia, will have to compete more for water resources in the next decade, report finds.
Pensions
Group Urges US Financial Regulators to Act Now on Climate Change
Investors with combined $1 trillion in assets back letter to address ‘systemic financial risk.’
Market Moves
Global Green Bond Market Set to Explode
EU’s COVID-19 recovery plan could spur climate-friendly fixed-income volume to nearly double almost overnight.
Alternatives
Australian Pension Fund Commits to Becoming Net Zero by 2050
HESTA also pledges to reduce portfolio’s carbon emissions by one-third within 10 years.
Asset Management Culture
NYC Pension Head Calls on GM to Disclose Lobbying Practices
Scott Stringer accuses automaker of privately working against climate policies it publicly supports.
Asset Allocation
Harvard Adopts Goal for ‘Net-Zero’ Greenhouse Gas Emissions by 2050
Directive for $41 billion endowment stops short of fossil fuel divestment demanded by faculty.