Asset Allocation
Japan GPIF Changes ESG Domestic Equities Index Due to ‘Large Tracking Error’
The $1.7 trillion pension giant has moved $20 billion to the MSCI Nihonkabu ESG Select Leaders Index.
Tag: TCFD
Market Moves
CalSTRS Votes Against Record Number of Boards in 2024
The $341 billion pension giant opposed more than 2,200 boards of directors in proxy voting this year, mainly on climate risk disclosure.
Manager Selection
Japan’s GPIF Equity Managers Rate Microsoft, Enel Tops for Climate Risk Disclosure
The software giant and Italian utilities firm received rave reviews for their TCFD disclosures and net zero commitments.
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.
Research
Japan GPIF Foreign Equity Managers Rate Top TCFD Disclosure Firms
Microsoft and BHP were cited the most by asset managers as providing the best climate risk information.
Newsmakers
Ontario Pension Fund Pledges Net-Zero Emissions by 2050
The $89 billion OMERS will follow the advice of the Task Force on Climate-related Financial Disclosures.
Special Report: Tips From CIOs and Managers to Avoid Greenwashed Investments
Top CIOs suggest questions to ask when building your theses.
Newsmakers
Ontario Pension Fund Pledges Net-Zero Emissions by 2050
The $89 billion OMERS will follow the advice of the Task Force on Climate-related Financial Disclosures.
Pensions
Japan’s GPIF Finds Portfolio Firms Proactive on ESG Disclosure
A report from the pension giant reveals a ‘virtuous cycle’ of providing non-financial information.
UK Regulator Eyes Climate Disclosure Rules
The Financial Conduct Authority says current policies do not meet investors’ needs.
Pensions
UK Parliament Launches Pension Industry Climate Inquiry
A committee seeks to examine government’s pension stewardship ahead of COP26 climate conference.
Pensions
UK Pensions Face Enforcement Action Over Climate Disclosures
The Pensions Regulator warns trustees not to shirk their climate risk disclosure responsibilities.
Opinion
Op-Ed: Europe’s New ESG Rules Create an Opportunity for US Investors
Everyone should take notice of what the SFDR rules mean for the future of sustainable investing, says Apex Group’s Hari Bhambra.
Asset Allocation
Canadian Pension to Invest C$5 Billion in Green, Social Bonds by 2025
British Columbia Investment Management also aims to cut carbon exposure of public equities by 30%.
Asset Management Culture
Canadian Pension CEOs Call for Increased ESG Disclosure
The eight funds, which represent $1.23 trillion in assets, said it is ‘vital’ that companies report standardized ESG data.