Newsmakers
NY State, Church of England Team Up on Exxon over Emissions
They lead investor group, with $19 trillion in assets, demanding the oil titan divulge greenhouse gas targets.
Tag: ESG
Newsmakers
CalPERS Decision to Divest from Tobacco Is Costly
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
Huge Investor Alliance Presses Global Acceleration of Paris Accords
The $32 trillion Investor Agenda is worried that nations are letting climate goals recede.
Newsmakers
Shell Announces New Climate Goals, Joining Big Pension Plans
Engagement led by Church of England Pensions Board, Robeco.
Newsmakers
CalPERS Makes ESG Changes
CalPERS officials hope ESG revisions will add alpha to the pension system’s $178.6 billion global equity portfolio.
Newsmakers
Climate Change Risk a Threat to Scottish Pension Funds
Report says two of Scotland’s largest funds are not addressing climate change risks.
Market Moves
Sweden’s AP2 Sees a Green Bond Explosion in Public Sector
The country’s state pension buffer says government institutions should swap fossil fuels for alternative energies in the next 10 years.
Newsmakers
Netherlands Wants to Intro Sovereign Green Bonds in 2019
Finance Minister Wopke Hoekstra seeking parliament’s approval for the Dutch to be the first AAA-rated issuer of sustainable securities.
Newsmakers
Canada Pension Plan Focuses on Board Gender Composition
Pension says companies with diverse boards perform better financially.
Risk
NJ Investment Council Won’t Pull Its Nike Shares over Kaepernick Ad
Acting chair says the shoemaker’s shares have been strong, and the fund ‘decided to not take a position’ on controversial campaign due to the organization’s ESG policy.
Newsmakers
Treasurers Demand Zuckerberg Quit as Facebook Chairman
Social network CEO shouldn’t have dual role, say financial officials from NYC and three states, backing Trillium plan.
Asset Allocation
HSBC UK Pension Plan to Invest $328 Million in Renewables
Bank wants enough onshore solar and wind energy to power an Oxford-sized area.
Exclusive: San Francisco Pension System Approves Divestment of Five Fossil Fuel Companies
Stock of Hess Corp. will be divested along with other energy companies if they don’t justify oil and gas reserves and stop denying climate change.
Fresno County Pension Fund, Royal Bank of Canada Partner for Impact Investment Venture
Deal aims to aid California county’s fixed income investments and help local businesses with government lenders.
Corporate Moves
Karianne Bail-Lancee Leaving Unilever for UBS
The firm’s former senior pensions and sustainability manager looks forward to the chance to enhance her “'personal impact' toward sustainable development."