Climate crisis Archives - Page 9 of 26 - Pension Policy International

21JunJune 21, 2023

Finnish pension giant invests €500m in newly launched Europe climate-action ETF

Finnish pension giant Ilmarinen Mutual Pension Insurance has invested more than €500m in Amundi’s new MSCI Europe Climate Action Ucits ETF. The fund tracks an index designed to identify European companies assessed as the top 50% sector leaders in terms of their positioning and actions relative to the climate transition. Notably, the ETF gives investors an alternative to ESG and Climate ETFs linked to the Paris-aligned benchmark (PAB) and EU Climate Transition benchmark. The index methodology tracks metrics including carbon intensity, science-based...

June 21, 2023

NewsClimate crisis, Finland, Investing

19JunJune 19, 2023

UK. Fifth of savers want oil excluded from their pensions

A growing number of pension savers would like to see the oil sector completely excluded from their pension fund's investments. Some 21 per cent of pension savers say they want oil to be axed from their pension, according to a survey from online pension provider PensionBee. This has jumped from 15 per cent of pension savers last year. Alongside oil, the main investments people want excluded from their pensions are companies contributing to deforestation, habitat destruction and predatory lending. Pension savers also believe...

June 19, 2023

NewsClimate crisis, Investment, UK

05JunJune 5, 2023

California, New York pension funds vote against Toyota chairman

Two of the largest U.S. public pension funds have voted against the re-election of Toyota Motor Corp (7203.T) Chairman Akio Toyoda, shareholder voting records showed, sharpening the focus on the automaker's annual meeting later this month. The California Public Employees' Retirement System (CalPERS) and the Office of the New York City Comptroller also voted for a resolution urging Toyota to improve disclosure of its lobbying on climate change, according to postings by the funds. Two leading proxy advisory firms last week...

June 5, 2023

NewsClimate crisis, Investment, Pension Management

02JunJune 2, 2023

Aegon UK to invest £500m in climate solutions by 2026 in net zero push

Aegon UK has launched a climate action roadmap geared towards achieving net zero emissions by 2050, warning the time for "bold climate action" is now. Announced yesterday, the insurance, pensions and asset management firm's net zero target covers its core business as well as financed emissions for its workplace default pension funds. Aegon UK also promised to take "concrete short-term steps" to slash its emissions in half by 2030, which it said would "support making customers' investments more resilient to shocks". Crucially,...

June 2, 2023

NewsClimate crisis, Investment, Pension Management, UK

10MayMay 10, 2023

US. New York State Common reaches deal with 4 companies to cut emissions

New York State Common Retirement Fund, Albany, reached agreements with four U.S. companies to compel them to set targets to reduce their greenhouse gas emissions and regularly report on their progress, said New York state Comptroller Thomas P. DiNapoli, sole trustee of the $242.3 billion pension fund, in a news release Tuesday. As a result of these agreements, the pension fund has withdrawn its shareholder resolutions with the companies. The four companies are Carrier Global Corp., a heating, ventilation and air...

May 10, 2023

NewsClimate crisis, Pension Management, US

10MayMay 10, 2023

UK. Church of England fund to vote against Shell chair over climate concerns

The Church of England Pension Board said on Tuesday it would vote against Shell's (SHEL.L) chair and directors at its upcoming annual meeting over "signals" the energy giant could revise commitments to fight climate change. Proxy adviser PIRC also recommended investors vote against the energy company's chair and oppose its annual report for "failing to address climate risks by setting adequate targets". Chief Executive Officer Wael Sawan, who took office in January, said in March that Shell was reviewing its plan...

May 10, 2023

NewsClimate crisis, Pension Management, UK

08MayMay 8, 2023

Australia’s big pension funds boost fossil fuel investments, activist group says

Australia's 30 biggest pension funds increased their investments in key coal, oil and gas producers by 50% in 2022 despite the funds' long term commitments to net zero carbon emissions, environmental activist group Market Forces said. Superannuation or retirement funds raised their investment to more than A$34 billion ($23 billion) in companies most responsible for expanding fossil fuels, Market Forces said. "Super funds are making a mockery of their own commitments to net zero by buying up wholesale in companies expanding...

May 8, 2023

NewsAustralia, Climate crisis

26AprApril 26, 2023

Pension fund PGGM warns on dangers of social greenwashing

The principal director for responsible investments at PGGM Investments, the investment manager for the €277 billion ($306 billion) Dutch pension fund, has pointed to the continued challenges associated with measuring the social impact of investments, highlighting the reputational dangers of social greenwashing. “You encounter liberal definitions. There is some inflation in the terms that we want to be very cautious about. You don’t want to overstate [investors’] social contributions,” said Hans Op’t Veld, principal director for responsible investments at the...

April 26, 2023

NewsClimate crisis, ESG, Investment

24AprApril 24, 2023

UK. BP facing green rebellion at annual shareholder meeting

BP faces a green rebellion at its annual shareholder meeting on Thursday as some of Britain’s biggest pension funds prepare to demand the company toughen its plans to reduce its emissions by 2030. The National Employment Savings Trust (Nest), which represents about 11m individual workplace pensions, plans to back a resolution put forward by climate campaigners at Follow This, which calls for BP to align its emissions reduction plans with the Paris agreement. The campaign group has also won support from...

April 24, 2023

NewsClimate crisis, Investment, UK

13AprApril 13, 2023

UK. Government body calls on London pension fund to divest fossil fuel holdings

Transport for London Pension Fund, London, should divest its holdings in fossil fuel companies and develop an annual report on performance against net-zero targets, according to calls by a London governmental body. The Greater London Authority committee, which oversees the London Pensions Fund Authority and TfL Pension Fund, launched an investigation as part of a review into its pension funds' investments and costs. The pension funds had about £22 billion ($27.1 billion) in combined assets as of March 31, 2022. In...

April 13, 2023

NewsClimate crisis, ESG, Investment, UK

June 2023

Finnish pension giant invests €500m in newly launched Europe climate-action ETF

UK. Fifth of savers want oil excluded from their pensions

California, New York pension funds vote against Toyota chairman

Aegon UK to invest £500m in climate solutions by 2026 in net zero push

May 2023

US. New York State Common reaches deal with 4 companies to cut emissions

UK. Church of England fund to vote against Shell chair over climate concerns

Australia’s big pension funds boost fossil fuel investments, activist group says

April 2023

Pension fund PGGM warns on dangers of social greenwashing

UK. BP facing green rebellion at annual shareholder meeting

UK. Government body calls on London pension fund to divest fossil fuel holdings