Newsmakers
Canada Pension Plan Focuses on Board Gender Composition
Pension says companies with diverse boards perform better financially.
Tag: ESG
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.
Newsmakers
Treasurers Demand Zuckerberg Quit as Facebook Chairman
Social network CEO shouldn’t have dual role, say financial officials from NYC and three states, backing Trillium plan.
Asset Allocation
HSBC UK Pension Plan to Invest $328 Million in Renewables
Bank wants enough onshore solar and wind energy to power an Oxford-sized area.
Exclusive: San Francisco Pension System Approves Divestment of Five Fossil Fuel Companies
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.
Fresno County Pension Fund, Royal Bank of Canada Partner for Impact Investment Venture
Deal aims to aid California county’s fixed income investments and help local businesses with government lenders.
Corporate Moves
Karianne Bail-Lancee Leaving Unilever for UBS
The firm’s former senior pensions and sustainability manager looks forward to the chance to enhance her “'personal impact' toward sustainable development."
UN Launches Tobacco-Free Finance Pledge
Initiative calls on finance industry to tackle ‘tobacco epidemic.’
Newsmakers
GPIF Chooses Two Indices for Its ESG Benchmark
CEO Takahashi hopes the picks will push companies ‘to work on carbon efficiency and disclosure’ practices.
ESG Strategy Varies by Region, Disclosure Still Needs Progress
HSBC report also finds ESG investing more common in Europe than Asia.
Newsmakers
Australian Superfund Seeks Zero Emissions for Real Estate
Cbus sets goal to eliminate emissions from its A$5 billion property portfolio by 2030.
Newsmakers
NYC Pension Funds to Double Green Investments
The three-year plan will see the five-fund retirement system’s climate-related holdings go to $4 billion.
Institutional Investors Attack Climate Change by Responsible Investing
Representatives of pension plans and asset managers describe effort to Invest in ESG strategies at annual Principles of Responsible Investing conference.
Gore Calls on Institutional Investors to Adopt ESG Focus
At PRI annual conference, the former US vice president says ESG investing is needed to combat climate change.
PRI Leader Calls on Institutional Investors to Take Climate Change Action
Fiona Reynolds warns that government action will occur if institutional investors don’t ramp up climate change investment initiatives.