Pensions
GPIF External Managers Rank Microsoft, Enel Tops for Climate Disclosure
According to the $1.68 trillion Japanese pension giant, Microsoft “is undoubtedly a leader on climate reporting.”
Tag: Walmart
Newsmakers
CalPERS Equity Portfolio Edges Out S&P 500 Returns in Q4 2022
CalPERS’ equity portfolio returned 7.92% in the fourth quarter of 2022, eclipsing the S&P 500 performance by 84 basis points.
Market Moves
Is the Big US Retail Sales Number Temporary?
Wells Fargo wonders about the surge’s staying power, citing Walmart’s blah coming-year guidance.
Risk
Canadian Pension Fund Sues Walmart over Alleged Role in Opioid Crisis
Lawsuit claims retail giant failed to prevent opioid prescriptions from flowing into ‘illicit channels.’
Pensions
Tesla and Walmart Under Pension Fund Fire on Board Pay and Opioid Sales
The automaker has been sued by the Detroit Police and Fire retirement system over big payouts, and the retailer by the Detroit plan and a Norfolk County (Mass.) plan on how it distributes the drug.
Asset Allocation
Norway’s Pension Giant Revokes Walmart, Rio Tinto Exclusions
Trillion-dollar pension also lifts bans on General Dynamics, Nutrien, Grupo Carso.
Newsmakers
CalSTRS to Put Pressure on Gun Retailers
New plan would force Kroeger, Walmart to pull firearms from shelves or face divestment.
Pensions Regulator in Talks with Sainsbury’s over Asda Merger
Sainsbury CEO says proposed £7.3 billion merger ‘strengthens’ pension covenant.
Market Moves
Aldi, Lidl Pen First Chapter in Grocery Wars Saga
The two European grocery chains will expand into the US this summer, but archrival Wal-Mart is already implementing a contingency plan.
Newsmakers
Wal-Mart Shareholders Deny Prime Pension Plans’ Push for Change
Six pension entities’ shareholder suggestions fall on deaf ears at Wal-Mart’s annual meeting.