Risk
Another Swedish Pension Fund Makes Huge ESG-Focused Divestment
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
Tag: ESG
Jana Partners Deep-Sixes Two Funds in Favor of Activism
Firm will open a new fund to help holdover Strategic Investing fund focus on ESG.
Newsmakers
San Francisco Employees’ Retirement System Becomes Major ESG Force
In the span of a year, the system has become one of the largest players among US pension systems.
Fitch Ratings Focuses on ESG Standards with New Scoring System
Agency finds only 3% of corporate ratings have changed as a direct result of ESG considerations.
Australian Superfund Executes Substantial Renewable Energy Investment
The Warradarge wind farm is a 180-megawatt greenfield development based in Western Australia.
Newsmakers
NY State, Church of England Team Up on Exxon over Emissions
They lead investor group, with $19 trillion in assets, demanding the oil titan divulge greenhouse gas targets.
Newsmakers
CalPERS Decision to Divest from Tobacco Is Costly
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
Huge Investor Alliance Presses Global Acceleration of Paris Accords
The $32 trillion Investor Agenda is worried that nations are letting climate goals recede.
Newsmakers
Shell Announces New Climate Goals, Joining Big Pension Plans
Engagement led by Church of England Pensions Board, Robeco.
Newsmakers
CalPERS Makes ESG Changes
CalPERS officials hope ESG revisions will add alpha to the pension system’s $178.6 billion global equity portfolio.
Newsmakers
Climate Change Risk a Threat to Scottish Pension Funds
Report says two of Scotland’s largest funds are not addressing climate change risks.
Market Moves
Sweden’s AP2 Sees a Green Bond Explosion in Public Sector
The country’s state pension buffer says government institutions should swap fossil fuels for alternative energies in the next 10 years.
Newsmakers
Netherlands Wants to Intro Sovereign Green Bonds in 2019
Finance Minister Wopke Hoekstra seeking parliament’s approval for the Dutch to be the first AAA-rated issuer of sustainable securities.
Newsmakers
Canada Pension Plan Focuses on Board Gender Composition
Pension says companies with diverse boards perform better financially.
Risk
NJ Investment Council Won’t Pull Its Nike Shares over Kaepernick Ad
Acting chair says the shoemaker’s shares have been strong, and the fund ‘decided to not take a position’ on controversial campaign due to the organization’s ESG policy.