The move is part of MP Pension’s 2020 ESG plans, which favor the Paris Agreement.
Pension fund says litigation will allow it to ‘protect Facebook’s profitability.’
Legislation would require SEC to issue climate risk disclosure guidelines.
Skeptics remain in the industry, but overall allocations are improving.
Fund details how it works climate risk into investing its nearly $150 billion in assets.
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.
Head of US Stewardship and Sustainable Investments John Hoeppner explains the strategy behind firm’s Future World funds.
That’s how lock-up companies, in poor odor lately, end up in top pension portfolios.
AP Pension believes new employees will invest 25% of their pension in sustainable line.
Data shows gender-diverse investment teams help expand their thinking and strategic options.
Key to this, pension official Angela Miller-May tells a US House panel, is requiring a set level of minority and female outside advisers.
New requirements for DB, DC plans take effect October 1.
Alliance of pension and other institutional investors, managing $34 trillion, is worried about “ambition gap” in meeting Paris Agreement’s goals.