Regulation
UK Pension Regulator Targets Plans for Climate, ESG Non-Compliance
TPR is warning trustees they could be fined up to £50,000 if they don’t provide key ESG data.
Tag: environmental
Pensions
Swedish Pension AP1 Loses 8.6% in 2022
Despite alts gains, fixed income and equities weigh down portfolio, contributing to investment losses of nearly $4 billion for the year.
Newsmakers
Indiana Amends ESG Bill to Exclude Private Markets
Changes mean legislation will cost state pension fund $5.5 million over 10 years instead of $6.7 billion.
Pensions
Indiana Anti-ESG Bill Could Cost State Pensions $6.7 Billion Over 10 Years
Bill aimed at protecting pensions’ financial interest may instead box them out of lucrative private markets.
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.
Newsmakers
Ontario Teachers’ Pension Plan Names Anna Murray Head of Sustainable Investing
The former head of ESG at Sun Life Capital Management will lead the $178.6 billion pension fund’s climate strategy.
Asset Allocation
Vatican Publishes Ethical Investing Guidelines
Church says underlying factors of ESG investing “resonate” with the aims of Catholic teachings.
Newsmakers
Alternative Asset Managers Launch ESG Disclosure Tool
Template aims to improve transparency and consistency for companies and credit investors.
Newsmakers
Missouri Divests $500 Million From BlackRock as GOP Backlash Over ESG Grows
In less than a month, four states have pulled over $1.5 billion out of BlackRock investments in protest over a ‘woke political agenda.’
Asset Allocation
Canadian Pension Giant Expects Carbon Neutral Internal Ops by 2023
The $392 billion CPPIB also said it will nearly double its investments in green and transition assets by 2030.
Asset Allocation
Louisiana Divests Nearly $800 Million from BlackRock to Protect Fossil Fuel Industry
Treasurer John Schroder calls ESG investing a threat to democracy and individual liberty.
Asset Allocation
Japan’s GPIF Joins ESG Benchmark
Pension giant hopes to encourage the disclosure of ESG data.
Newsmakers
Utah Treasurer Pulls $100 Million Out of BlackRock in ESG Protest
Marlo Oaks is ‘committed to pushing back against ESG,’ which he claims is a left-wing political agenda.
Newsmakers
Robert Wood Johnson Foundation Seeks New CIO
The $12.7 billion foundation is looking to replace Brian O’Neil, who is retiring at the end of the year.
Newsmakers
ESG Head Leaves Texas Teachers’ Pension
The Teacher Retirement System of Texas is required by law to boycott companies that divest fossil fuels.