May 2022
31May

UK. 17 further organisations pledge to align with MMMM’s Green Pensions Charter

Seventeen organisations, including British Red Cross, Green School Projects and Citizens UK, have signed up to Make My Money Matter’s (MMMM) Green Pensions Charter, bringing the total number of signatories pledging to align their company pension schemes with net-zero targets to 100. The new signatories are a broad mix of UK companies and charities including Abel&Cole, Bates Wells, Living Wage Foundation, TrustPayments, DoNation, The Climate Coalition, Positive Planet, CH&Co, Zero Bees, Moyu, Turning Trusts, TXImpact, Eco-nnect, and Homethings. Read also Industry...

May 31, 2022
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31May

Sustainable Investing Slowly Taking Root at Central Banks

A new report says central banks are increasingly looking to align their operations with sustainability objectives within the constraints of their mandates. Central banks are increasingly aligning their pensions and portfolios to sustainable outcomes, according to a recent report published by INSPIRE, the International Network for Sustainable Financial Policy Insights, Research and Exchange. Alongside their financial stability remits, central banks are increasingly managing sustainability-related risks and aligning their activities with wider government commitments including net zero targets. The report highlighted eight key...

May 31, 2022
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25May

La Dimensión Social de la Inversión Sostenible

Por Spainsif La inversión sostenible supuso en España un total de 285.454 millones de euros en 2019. Este tipo de inversión se materializa a través de la aplicación de diferentes estrategias como la exclusión simple, que elimina del universo de inversión actividades controvertidas, la exclusión en base a normas internacionales, la selección positiva de las entidades con mejor desempeño o best in class, y la integración, entre otras. Aunque tradicionalmente la parte ambiental ha supuesto la mayor ratio de la...

May 25, 2022
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24May

UK. Pensions watchdog warns about climate risk in rebuke of HSBC banker who downplayed danger

UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first watchdog to weigh in after a top HSBC banker was suspended after playing down the financial risks of climate change. Regulators across the world have been putting pressure on the financial services industry to take climate change into account when calculating risks to their business models. Stuart Kirk, a senior HSBC banker in charge of sustainable investments, had said at an...

May 24, 2022
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24May

Why ESG reporting needs to balance ‘purpose with profit’ for real impact

ESG investing is increasingly viewed as a lever for delivering value in a turbulent world. But there is a lack of transparency around reporting and companies aren't obliged to change their business practices. Companies need to go well beyond environmental regulatory requirements and drive social impact. The flow of capital towards ESG (environmental, social and governance) oriented funds has rapidly moved from a trickle to a deluge. In the third quarter of 2021 global sustainable funds hit a record high...

May 24, 2022
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23May

U.K. pools gaining critical mass, and investment choices

U.K. investment pools formed seven years ago to streamline the investment process for local government pension funds are now building up sizable assets, as well as facing challenges that range from diversification to climate change reporting. Local government pension schemes, or LGPS, "are still moving funds and the pools are still building up asset classes," said Colin Cartwright, an Aon PLC partner in London who consults with both LGPS and corporate clients. He expects to see more funds transferred into...

May 23, 2022
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23May

ESG factors increasingly put into hedge funds

Interest and investment in hedge funds that incorporate environmental, social and governance factors are on the rise among U.S. investors, although demand still trails that of European investors. While some hedge fund firms have included one or more ESG factors in their investment strategies for years or have created dedicated ESG funds, others still are evaluating the efficacy and return potential of investment in portfolio companies that meet ESG standards, sources said. "There are two ways to do ESG. You can...

May 23, 2022
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19May

An Impact Investing Guide for Private Foundations

Imagine that your foundation is dedicated to eradicating childhood asthma in your home state. One day, you are listening to the local news during your morning commute and you hear a report about an aging coal-fired power plant where the sulfur dioxide emissions are so bad as to be implicated in the high incidence of childhood asthma in the neighboring towns. A week later you are reviewing your foundation’s investment portfolio and realize that you own a good chunk of...

May 19, 2022
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13May

UK. 12 pension funds launch EM climate collaboration

A group of 12 UK pension funds convened by the Church of England (CofE) Pensions Board have teamed up in a bid to find ways in which to support the climate transition in emerging markets. The schemes include the £83bn Universities' Superannuation Scheme; the £57bn BT Pension Fund; Railpen, which manages the £37bn of assets; the £35bn Brunel Pension Partnership; the £55bn Border to Coast Pension Partnership; Nest, which has £24bn; and the £30bn Legal & General Workplace Pension Plan...

May 13, 2022
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12May

Pensions and the green transition: policy and political issues at stake

By David Natali, Michele Raitano & Giulia Valenti Pension policy has gone through an intense period of reform over the past few decades. However, further changes are likely to take place in the near future. Major global trends, not only population ageing but also globalisation, technological innovation and climate change, are going to shape socioeconomic and labour organisation and influence macroeconomic trends and will thus have an impact on the adequacy and long-term sustainability of pension policy. This paper focuses on...

May 12, 2022
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