Swedish Pension Fund Divesting from Nukes, Oil Sands Companies
ESG-oriented decision motivated by new law.
ESG-oriented decision motivated by new law.
The review could lead to divestment of CoreCivic and The GEO Group.
Nokia, Nordea Bank lead list of 13 firms with potential ties to African nation.
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.
The two US companies running private prisons, whose detainees including immigrants caught crossing the US-Mexico border, will no longer be part of the CalSTRS portfolio.
Stock of Hess Corp. will be divested along with other energy companies if they don’t justify oil and gas reserves and stop denying climate change.
Investment committee research finds companies don’t meet divestment threshold
Action follows American Federation of Teachers’ critical report on Trump’s immigration policy.
The fund is also barred from making any future investments in these industries.
New York State Common Retirement Fund owns stakes in GEO Group, CoreCivic.
Review ordered personally by CalSTRS CIO Chris Ailman in a rare move.
Board of managers upholds 1991 policy to seek financial results, not social objectives.
Fund says its producers have a grim future as society abandons the fuel as an energy source.
New plan would force Kroeger, Walmart to pull firearms from shelves or face divestment.