Asset Allocation
Denmark’s PKA Fund Cuts 35 Oil Companies
Pension plan CEO says automotive industry is next.
Tag: Divestment
Norges Bank Releases ESG Exclusions
Bank cuts companies that derive 30% income or power from coal.
Calif. Treasurer Calls for Assault Weapons Divestment
John Chiang urges institutional investors to divest from sellers of military-style weapons.
Asset Allocation
Mass. Bill Calls for Firearms Divestment
Proposed legislation would require state pension to dump firms that sell firearms and ammunition.
Asset Allocation
Connecticut Considers Gun Divestment
State treasurer says she may ‘divest or not make further investments in gun companies.’
Market Moves
Miami Pension to Divest from Real Estate Fund
Fund shifts 5% allocation to large cap and fixed-income investments.
Newsmakers
San Francisco Approves Scaled-Back Divestment Plan
The plan also calls for the hiring of a director of socially responsible investing.
Newsmakers
San Francisco to Vote on Fossil Fuel Divestment
Move would be largest global divestment of fossil fuel stocks for San Francisco.
UK to Relax Rules for Fossil Fuel Divestment
Local authority pension plans expected to be earliest to implement new regulations.
Newsmakers
Philadelphia Pension to Divest Private Prison Stocks
Board votes to liquidate $1.2 million worth of stock in three private prison companies.
Newsmakers
Massachusetts Bill Calls for Fossil Fuel Divestment
State pension would have to remove thermal coal assets by year-end, fossil fuels by end of 2020.
Newsmakers
California Treasurer Urges CalSTRS to Drop Gun Sellers
$213.7 billion fund owns shares in at least three public firms that make and sell guns and ammunition.
Research
Pensions, CIOs Rebuke Fossil Fuel Divestment Report
Although a new petroleum-approved report evokes total divestment from fossil fuels, pension plans and CIOs beg to differ.