Alternatives
Australian Pension Fund Commits to Becoming Net Zero by 2050
HESTA also pledges to reduce portfolio’s carbon emissions by one-third within 10 years.
Tag: Paris agreement
Alternatives
Barclays Joins the Carbon Neutrality by 2050 Movement
The UK-based bank has indicated it wants to align the principles of all its financing activities with that of the Paris climate agreement.
Asset Allocation
Prudential Financial Launches Green Bond with $500 Million
Firm becomes first US insurance company to enter the $250 billion green bond market.
Asset Allocation
Institutional Investors Call for Barclays to End Fossil Fuel Financing
Managers of more than $170 billion say bank lags behind peers in climate action.
Asset Allocation
Majority of Companies Not in Line with Paris Agreement Goals
Only 9% of 161 companies on Climate Action 100+ watch list meet minimum climate change requirements.
Newsmakers
Dutch Pension APG Signs Government Climate Agreement
Paris Agreement-based policy signatories represent $3.3 trillion in assets under management.
Denmark’s PenSam Excludes 26 More Oil Firms
Fund keeps Shell and BP for now, but it will still watch the companies it did not divest from to see if—and how—their ESG efforts are improving.
Newsmakers
Danish Pension Debuts Line of Sustainable Products
AP Pension believes new employees will invest 25% of their pension in sustainable line.
Giant Investment Coalition Call for Climate Action From G20 Leaders
Alliance of pension and other institutional investors, managing $34 trillion, is worried about “ambition gap” in meeting Paris Agreement’s goals.
Newsmakers
New York City Leads Anti-Carbon Coalition of Big Funds
Institutional group wants the top 20 public power companies to make good on Paris Agreement goals.
Study: Paris Climate Agreement Would Hurt US Economy
EU analysis says US GDP would drop 3.4% by 2030.
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.
Newsmakers
Shell Announces New Climate Goals, Joining Big Pension Plans
Engagement led by Church of England Pensions Board, Robeco.
Institutional Investors Attack Climate Change by Responsible Investing
Representatives of pension plans and asset managers describe effort to Invest in ESG strategies at annual Principles of Responsible Investing conference.
PRI Leader Calls on Institutional Investors to Take Climate Change Action
Fiona Reynolds warns that government action will occur if institutional investors don’t ramp up climate change investment initiatives.