Pensions
Voting Support for NYC Pension Proxy Proposals Continues to Wane
Only 21% of proposals that went to a vote were supported by shareholders, down from 35% in 2022.
Tag: ESG
Manager Selection
Indiana Fund Narrows Finalists to Replace BlackRock
Under state law, the pension fund is required to replace service providers if they are determined to have made ESG commitments.
Corporate Moves
Northern Trust Signs Deal in Singapore to Work On Tokenizing Green Assets
The agreement with the National University of Singapore aims to support sustainable investing and blockchain technology.
Manager Selection
NYC Pensions Counter Anti-DEI Rhetoric With $23.1B Invested in Diverse Firms
CIO Steven Meier aims to set a ‘powerful example’ that diversity is fundamental to fiduciary duty.
Regulation
Sweden’s AP7 Blacklists 2 Oil Producers
The pension fund added MEG Energy from Canada and EOG Resources from the U.S. to its banned ledger of 110 companies.
Republican AGs File Suit Against Asset Managers Alleging Coal Repression Scheme
11 states filed a complaint against BlackRock, State Street and Vanguard for undermining publicly traded coal companies.
Pensions
BCI Sees Progress and Room for Improvement on Company Engagement
The $181 billion Canadian pension fund voted against management more than one-quarter of the time in fiscal 2023.
Asset Allocation
Japan GPIF Changes ESG Domestic Equities Index Due to ‘Large Tracking Error’
The $1.7 trillion pension giant has moved $20 billion to the MSCI Nihonkabu ESG Select Leaders Index.
Pensions
Japan’s GPIF Reclaims World’s Largest Pension Fund Title
The pension giant also released an annual survey evaluating the stewardship of its external asset managers.
Pensions
Episcopal Church Pension Fund’s Asset Value Rises to $17.5B in 2023
The fund’s portfolio also surpassed its benchmark with 10-year annualized returns of 7.3%.
Asset Allocation
Smart Money Portent? Bonds Are Gaining Allocators’ Interest
Meanwhile, allocators are moving out of stocks, which have been doing well lately, per a Nasdaq eVestment study.
Opinion
The Impact of Impact Investing: SDGs and ESG
By building a customized portfolio based on ESG and UN SDG principles, investors can have an impact without sacrificing returns.
Regulation
House Republicans Characterize ESG as an Anti-Trust Cartel
ESG skeptics allege that the investing strategy is a conspiracy to reduce fossil fuel production.
Risk
Allocators’ Biggest Worries? Finding the Best Data and Tools—and ESG
Macro concerns like wars also loom large for them, a Morningstar survey finds.
Pensions
State Court Rules Anti-ESG Investing Law Violates Oklahoma Constitution
Judge grants temporary injunction against the Energy Discrimination Elimination Act saying it could affect OPERS’ ‘financial soundness.’