February 2023
13Feb

US. Attention to ESG grew in 2022 along with headwinds

It is tricky to say which was a more volatile issue in 2022 for public pension funds operating under ESG principles — the politics or the markets. They managed to navigate both, and this year many of them are even ratcheting up their sustainable investing agendas. Some, like the $61.4 billion Maryland State Retirement and Pension System, Baltimore, took a page from the largest U.S. funds that added ESG specialists for their investment divisions. Although Maryland CIO Andrew Palmer first formed...

February 13, 2023
News, ,
Read more...
09Feb

Eight funds breached EU sustainability rules, says Danish watchdog

Denmark's financial watchdog has ordered the companies behind eight sustainability funds to take remedial action after finding they had violated European Union disclosure rules on such investments. The watchdog said failings included a lack of clear, adequate and comprehensive information on the funds' sustainable investment objectives. Financial regulators across Europe have increased scrutiny of how fund managers are meeting reporting requirements of the EU's Sustainable Finance Disclosure Regulation (SFDR), which aims to prevent so-called greenwashing of environmental or sustainability credentials. "It is...

February 9, 2023
News, ,
Read more...

January 2023
26Jan

US. Cryptocurrency Was Sold To State And Local Pensions As ESG

Senator Katie Muth, a Board Member for the $40 billion Pennsylvania State Employees’ Retirement System (PSERS) will never forget the first meeting of the pension board she attended and the ESG presentation she heard which included cryptocurrency as a solution for the un-banked in African countries. “I was really looking forward to the ESG presentation but was very confused as to how blackbox fake currency could improve the lives of people suffering from economic hardship on the continent. The...

January 26, 2023
News, , , ,
Read more...
24Jan

Europe’s Biggest Pension Fund Issues ESG Warning to Banks

One of Europe’s biggest investors is putting banks on notice and may start exiting the sector unless it sees proof that claims of portfolio decarbonization are matched by action. “The financial sector has really lagged,” said Dominique Dijkhuis, a member of the executive board and head of investments at ABP, which is Europe’s largest pension fund. “If you say you’re committing to a climate course and then still actively granting loans to new fossil products, that’s just not aligned.” ABP is...

January 24, 2023
News,
Read more...
20Jan

‘Voluntary action alone isn’t going to cut it’: watchdog group calls for climate reporting requirements for Canada’s $4-trillion pension fund industry

After highlighting “a huge disparity” among Canada’s largest pension funds when it comes to reporting and action on climate priorities, a watchdog group is calling for broad-based regulation for the financial sector that would “level the playing field” and require Canada’s giant pension funds to produce credible climate plans, and be held accountable for meeting them. Adam Scott, executive director of the climate-focused charitable initiative Shift, told The Hill Times that his team’s analysis shows some Canadian funds are “making...

January 20, 2023
News,
Read more...
19Jan

4 largest asset managers diverge on ESG voting – ShareAction report

The world's four largest asset managers — BlackRock, Vanguard Group, Fidelity Investments and State Street Global Advisors — voted for fewer environmental and social resolutions in 2022 than the previous year, according to research published Tuesday by shareholder advocacy group ShareAction. The four managers supported 20% of environmental or social resolutions in 2022, down from 32% in 2021 and noticeably lower than the voting recommendations of proxy-voting advisers Institutional Shareholder Services and Glass Lewis, ShareAction found. ShareAction also found that members...

January 19, 2023
News,
Read more...
13Jan

2021 ESG Report. Government Pension Investment Fund

 By: Government Pension Investment Fund Government Pension Investment Fund (GPIF) manages and invests Japan’s pension reserve fund, which is used to pay Employee Pension Insurance and National Pensions. We contribute to the stability of the pension system by earning returns on our investments and distributing these to the government ESG is the acronym for Environmental, Social, and Governance. While investors have traditionally used cash flows, profit margins and other quantitative financial data to value a company’s equity or other securities, “ESG...

January 13, 2023
Books, Books, Pension Management, , ,
Read more...
12Jan

Building up the voluntary carbon markets

Voluntary carbon markets stand to play a big role in the shift to a net zero global economy by enabling companies to offset certain emissions during the transition. They also have the potential to channel significant and much-needed investment towards initiatives that will have a positive climate impact. These markets are distinct from the compliance carbon markets managed by governments, such as the EU’s emissions trading system, and are already growing rapidly. According to non-profit Ecosystem Marketplace, VCMs almost quadrupled in...

January 12, 2023
News, ,
Read more...
11Jan

US. Investors’ resolve to forge ahead with ESG goals deepens for 2023

Russia's invasion of Ukraine and anti-ESG sentiment in the U.S. taught institutional investors to expect the unexpected in 2022, but those developments also deepened their resolve to forge ahead with sustainable investing goals — no matter what happens in the upcoming year. In 2023, institutions' ESG goals will include more specific expectations placed on companies to address climate risk, labor and human rights issues including diversity, and biodiversity, investors said. Many of them also plan to make a more direct...

January 11, 2023
News, ,
Read more...
Guía para el reporte y divulgación voluntaria de factores ambientales, sociales y de gobierno corporativo
10Jan

Guía para el reporte y divulgación voluntaria de factores ambientales, sociales y de gobierno corporativo

Por: Olga Cantillo & Luiz Gabriel Todt de Azevedo   El análisis de los estados financieros ha sido la herramienta principal de los inversionistas para evaluar el desempeño, observar el riesgo crediticio y construir modelos financieros para estimar el valor de las empresas. Por eso, la publicación oportuna de información financiera estandarizada ha sido condición necesaria para la globalización y el buen funcionamiento de los mercados de capital. Recientemente, las empresas han experimentado un cambio de perspectiva debido a la importancia creciente...

January 10, 2023
Libros, Libros, Sostenibilidad del Sistema, Sostenibilidad del Sistema, , ,
Read more...