The issue of CalPERS divesting from private prison companies CoreCivic and The GEO Group isn’t dead after all.
Fund keeps Shell and BP for now, but it will still watch the companies it did not divest from to see if—and how—their ESG efforts are improving.
That’s how lock-up companies, in poor odor lately, end up in top pension portfolios.
MP Pension adds Vale to exclusion list after engagement talks prove fruitless.
World’s largest pension fund will dump $13 billion worth of oil, gas, and coal investments.
AP2’s decision sees it keeping up with new laws, sister funds AP1 and AP4.
Lawmakers demand fund dumps BP, Royal Dutch Shell holdings.
Action latest in KLP’s quest to eliminate ‘sin stocks’ from its $80 billion portfolio.
Christchurch shootings, tighter firearm laws make for a quick decision from fund’s guardians.
Christina Paxson says endowment is ‘not a political instrument.’
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
Research shows that 54% of divestitures underperformed the markets since 2010.