The $1.65 trillion pension giant is prohibited from investing in Adani Ports & Special Economic Zone, Weichai Power and L3Harris Technologies.
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
After ending the practice in 2019, the pension giant is bringing it back with added countermeasures to avoid ‘empty voting.’
The $475 billion Qatar Investment Authority also signed a renewable energy deal in South Africa.
A growing number of portfolio companies held by Norway’s $1.5 trillion sovereign wealth fund are adopting net-zero targets.
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.
The $1.3 trillion Government Pension Fund Global’s investment portfolio lost 2.1%—$33.6 billion—during the quarter.
The Irish government will also launch a fund focusing on infrastructure, climate, and nature.
The pension giant also found that venture capital and growth equity have underperformed public equities.
The $1.4T Norges Bank Investment Management has increased its climate expectations for more than 9,000 companies in its portfolio.