Newsmakers
Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.
Tag: Climate Change
Regulation
Federal Reserve Proposes Climate Risk Framework for Large Financial Institutions
The framework is essentially the same as those proposed by the OCC and FDIC and calls on large financial institutions to account for climate-related physical and transitional risks in its business strategy.
Regulation
Congressional Republicans Take Aim at SEC Climate Disclosure
Three bills have been proposed since late September which seek to limit or prevent the SEC’s ability to require climate change-related disclosure.
Asset Allocation
Canadian Pension Giant Aims to Close Net-Zero Reality Gap
CPPIB releases framework to help companies meet net-zero goals using reliable data and disclosures.
Global Biodiversity: A Stable Ecosystem Yields Stable Economics
The U.N. General Assembly unveiled a 10-point plan on financing biodiversity, showing how reversing biodiversity loss helps stop the spread of poverty.
Newsmakers
NYC Comptroller Accuses BlackRock of Bailing on Net Zero
Brad Lander says the ‘contradiction between BlackRock’s statements and actions is alarming.’
Risk
CalSTRS Votes on Record Number of Shareholder Proposals
The $315 billion pension fund has voted on more than 1,000 shareholder proposals during the 2022 proxy season, many of them climate-related.
Asset Allocation
Northwestern Sets New Fossil Fuel Investment Guidelines
The university says it will also boost investments in cleaner energy companies.
News
Sovereign Wealth Funds Reap Benefits of Pandemic Dislocation
Direct investments by sovereign wealth funds rise to record level in 2021.
Newsmakers
Net-Zero Pledges Aren’t as Green as You Think, Says New Study
Of the 25 asset managers studied that were members of the Net Zero Asset Manager Initiative, not a single one required companies in their portfolios to stop developing new projects with coal, gas, and oil.
Asset Allocation
Proposed Bill Would Require CalPERS, CalSTRS to Divest Fossil Fuels
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
Newsmakers
CPPIB Targets Net-Zero by 2050
The $433.6 billion pension giant plans to nearly double its green and transition investments to over $100 billion by 2030.
Newsmakers
Sustainable Funds See Record-Breaking Year in 2021
ESG funds attracted nearly $70 billion in net flows last year, a 35% increase from 2020.
Asset Allocation
Green Fossil Fuel Companies: Are They Possible?
The data so far seems grim, with one notable exception.
Asset Allocation
British Pension to Shift $6.7 Billion Away from Polluters
USS is the largest private pension fund in the UK.