Newsmakers
NYC Comptroller Vows to Stick With Climate Plan Amid Net Zero Exodus
Brad Lander says ‘we will not be cowed’ by anti-climate change rhetoric.
Tag: Net Zero
Pensions
Oregon Bill Would Ban State Pension Investments in Private Markets Funds Invested in Fossil Fuels
Senate Bill 681 would prohibit the state treasurer from renewing or making investments in private equity or other alternative funds which state an intention to invest in fossil fuels.
Asset Allocation
Oregon Pension Publishes Inaugural Progress Report on Net-Zero Plan
The Oregon Public Employees’ Retirement Fund aims to achieve a net-zero carbon emission portfolio by 2050.
Institutional Investors Representing $9.4T Have Set Decarbonization Targets
81 members of the UN’s Net-Zero Asset Owner Alliance plan for net-zero portfolios by 2050.
Asset Allocation
UK Takes First Steps Toward Sovereign Wealth Fund
The National Wealth Fund aims to make climate-related investments on behalf of the country.
Regulation
UK Pension Regulator Sets Targets for Reaching Net Zero by 2030, 2050
TPR said it will aim to eliminate up to 90% of emissions, while offsetting the remaining 10% with carbon credits.
Risk
Institutional Investor Group Urges Asset Managers to Deliver on Climate Strategies
A U.N.-backed alliance with $9.5 trillion in AUM warns that the entire global economic system is at risk from climate change.
Pensions
Oregon Plans for Net Zero Portfolio by 2050
Significant climate investments aim to reduce the portfolio’s carbon emissions by 60% by 2035.
Asset Allocation
PMT Energy Program Starts With 49 Oil and Gas Firms, Ends With 9
The $80 billion Dutch pension fund defends keeping shares of BP and Shell after 2-year and says talking to companies is often more effective than divestment.
Asset Allocation
CalPERS Pledges to Boost Low-Carbon Assets to $100B
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.
Asset Allocation
Why Oil Stocks, Slipping Now, Have a Bright Future
The industry will be needed to bridge the long transition to net-zero from now to 2050, JPM says.
Pensions
Canada Pension Plan Increases Green, Transition Investments by 20% to C$79B
The pension fund also said its internal operations have reached carbon neutrality for scope 1, 2 and 3 emissions.
Asset Management Culture
Rockefeller Foundation Commits More Than $1B Over 5 Years to Climate Transition
The philanthropic organization announced the strategy is unprecedented in the foundation’s 110-year history.
Pensions
CalSTRS Punishes Directors at More Than 2,000 Firms for Weak Climate Risk Disclosure
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.
Asset Allocation
BlackRock Launches New Zealand Strategy for Institutional Investors
The firm aims to raise $1.2 billion to invest in the country’s climate infrastructure.