Pensions
CalPERS Rejects Reinvesting in Tobacco Again
Pension plan’s investment committee votes down a second attempt from member Jason Perez to reverse its 20-year-old ban.
Tag: Divestment
Endowments Embrace Net-Zero Portfolios: Is It the Future of Investment Management?
Questions remain about how to measure risks and what a proper framework looks like, but more colleges and universities are taking the plunge.
Tufts University to End Direct Investments into Coal and Tar Sands
The school will also invest up to $25 million with climate impact funds.
Asset Allocation
Two NYC Pension Funds Divesting $4 Billion from Oil Companies
The move from the largest funds under the $239.8 billion New York City Retirement Systems follows a commitment made in 2018.
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.
Asset Allocation
USS Targets Tobacco, Thermal Coal for Divestment, Exclusion
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’
Alternatives
Rockefeller Brothers Fund Profits From Divestment
Philanthropic fund from the family that founded Standard Oil is now 99% fossil-fuel free.
Asset Management Culture
Oxford University Bans Fossil Fuel Investments
The endowment’s allocation to the energy sector has already been significantly reduced to 2.6% of its portfolio.
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.
Asset Allocation
Anti-Fossil Fuel Protests Hit Australia Pension’s Doorstep
Members of Australia’s UniSuper Fund protest against the fund’s fossil fuel investments.
Asset Allocation
Massive UK Pension to Cut Its External Hedge Fund Portfolio in Half
The Universities Superannuation Scheme intends to utilize its in-house investment team over managers.
Asset Allocation
Georgetown Is Latest University Pledging to Unload Fossil Fuels—Someday
The Jesuit school said it will get rid of energy stocks over 10 years.
Asset Allocation
NY to Investigate Coal Investments to See If Green Efforts Are Improving
Move is a step in the New York State Common Retirement Fund’s overall plan to decarbonize its portfolio.
Alternatives
UK Pension Plan Tells Managers: Adhere to Low-Carbon Investments or Leave Us Alone
Brunel Pension Partnership sets out a ‘groundbreaking new approach’ to tackle carbon emitters.
Asset Allocation
Fossil Fuel Divestment Yields ‘No Discernible Effect’ on Endowments
But study also finds divestment has no adverse effects on university portfolios.