Asset Management Culture
University of Pennsylvania Targets Net-Zero by 2050
The $14.9 billion endowment becomes the latest institutional investor to target the goals of the Paris Agreement.
Tag: Net Zero
Asset Allocation
University of Michigan Pledges to Become Net-Zero by 2050
The $12.5 billion endowment’s portfolio will immediately shift to sustainable assets and shun fossil fuels.
Here’s How Institutional Investors Can Meet Net-Zero Goals
A new guide is intended to help investors create a net-zero investment strategy.
Asset Management Culture
Aviva Targets Net-Zero Carbon by 2040
UK financial service firm’s environmental targets exceed Paris Agreement guidelines.
SEC to Strengthen Climate Disclosure Requirements
The securities regulator is reviewing how the capital markets are currently managing environmental risk.
Market Moves
General Motors Throws Down in Super Bowl Ad on Electric Vehicles
The company will release 30 new electric vehicles by 2025, though the initial models will not be cheap.
Market Moves
General Motors Aims to Be Carbon Neutral by 2040
The pledge comes days after John Kerry and Larry Fink called on the private sector to fight climate change.
Newsmakers
News From Davos: US Vows to Throw Weight Behind Climate Change Fight
Special envoy John Kerry said ‘we wasted four years’ under the Trump administration.
UK Asset Owners and Managers to Form Sustainability Alliance
Nest and others are discussing how to embed environmental and other worthy goals into manager disclosures and selection.
Pensions
Nest to Reduce Carbon in its Growing Emerging Market Strategy
The UK-based pension fund will drill down on renewable energy in the strategy, which will roughly double next year.
Asset Management Culture
New York State Pension Fund Aims to Be Carbon Net Zero by 2040
The $226 billion Common Retirement Fund joins other institutional investors in following the Paris Agreement’s targets.
Asset Allocation
Australia’s Largest Pension Fund Pledges Net Zero Portfolio by 2050
The $137 billion AustralianSuper has outlined a four-pronged approach to eliminate emissions within 30 years.
Alternatives
Principles for Responsible Investment Calls for Reversal of Anti-ESG Trump Policies
CEO of UN-backed group says Biden administration has opportunity to ‘make American finance great again.’
Alternatives
Net Zero Becoming More Affordable Says Goldman Sachs
Advances in technology, finance, and shareholder engagement are significantly reducing the cost of de-carbonization.
Asset Allocation
Institutional Investors Press CEOs to Disclose Climate Lobbying Practices
Group says companies will be held accountable for not aligning with the goals of the Paris Agreement.