Australia’s HESTA Accused of Greenwashing
The Environmental Defenders Office says HESTA’s investments in oil and gas companies could be in breach of the law.
The Environmental Defenders Office says HESTA’s investments in oil and gas companies could be in breach of the law.
Despite the loss, the pension fund beat its benchmark by 53 basis points.
Hodel succeeds Elizabeth Burton for his second stint in the role.
The pension fund will increase its private asset exposure as fixed income and public equities weigh down the portfolio.
Thanks to surging bond yields, the aggregate funded ratio of the PPF 7800 rose to 120.1% in June, up from 106.5% a year ago.
The agency aims to ensure that funds available for pension savers provide high quality at a low cost.
The pension fund increases its private equity investments while cashing out $500 million within its public equity portfolio.
Yik will advise NYSTRS CIO Thomas Lee on regulatory, public policy and ESG matters.
The Association of Canadian Pension Management says administrators are in the dark about ESG fiduciary duties.
Hansén will take over the $49.5 billion fund for retiring CEO Kerstin Hessius by no later than December 1.
Legislation identifies sustainable investing as being among ‘disfavored state investments.’