September 2024
03Sep

Danish pension fund leaves Net-Zero Asset Owner Alliance

Danish pension fund PKA has withdrawn as a member of the Net-Zero Asset Owner Alliance (NZAOA), the fourth exit from the initiative and the first in more than a year, Responsible Investor can reveal. The €59.1 billion fund, which manages four pension plans within the social and healthcare sectors, joined the NZAOA in March 2021 and withdrew its support from the UN-backed group, which is part of the Glasgow Financial Alliance for Net Zero (GFANZ), on 31 August. A spokesperson for...

September 3, 2024
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August 2024
30Aug

US. Texas is sued over anti-ESG law

 Texas was sued on Thursday by a nonprofit whose members support environmentally-friendly policies, and which seeks to block a state law targeting businesses that support reduced reliance on fossil fuels. The American Sustainable Business Council said the 2021 law known as Senate Bill 13 violates members' free speech rights by banning Texas from investing in or contracting with businesses that, in the state's view, "boycott" the oil and gas industry. Texas is the largest and among the most prominent Republican-led states...

August 30, 2024
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28Aug

Finland pension funds consider divesting from logging firm after environmental violations

Finnish pension funds including Varma and Elo, both based in Helsinki, are considering divesting from forestry firm Stora Enso with the company being accused of sexism and environmental crimes in the country’s northern region of Suomussalmi, according to an emailed comment to Pensions & Investments. On Aug. 15, logging machinery belonging to Stora Enso was repeatedly driven over a shallow river within a forest in Suomussalmi, and in doing so killed thousands of endangered freshwater pearl mussels, as reported by Finnish public broadcasting...

August 28, 2024
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22Aug

Canadian pension funds recognized for governance, sustainability practices: report

Four of Canada’s largest pension funds have been ranked among the top 10 global pension funds for demonstrating best practices in governance, sustainability and resilience, according to a new report by data platform Global SWF. The assessment tool, which reviews the practices and efforts of state-owned sovereign wealth funds and public pension funds, gave the Caisse de dépôt et placement du Québec and the British Columbia Investment Corp. perfect scores across the board alongside the Ireland Strategic Investment Fund, Singapore-based...

August 22, 2024
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20Aug

US pension funds react to Republican probe of Climate Action 100+

Public pension funds in the US have pushed back against a Republican probe into the US members of Climate Action 100+, warning that climate engagement is consistent with their fiduciary responsibilities. At the end of July, Republican lawmakers on the House Judicial Committee sent a letter to more than 130 investor signatories – or recent ex-signatories – of CA100+, demanding information on actions they planned to take as part of the initiative, which Republicans call a “climate cartel”, as well...

August 20, 2024
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20Aug

Australian super fund titans back Prime Minister’s green manufacturing plan

Some of Australia’s super funds have for the first time backed Prime Minister Anthony Albanese’s plan to stimulate green manufacturing industries, saying it would unlock private capital to help cut emissions and reach climate targets, according to the Sydney Morning Herald. The Albanese government hopes to pass the Future Made in Australia bill, designed to stimulate domestic manufacturing and high-tech industry in a similar fashion to the U.S.’s Inflation Reduction Act, by the end of the year. The plan is...

August 20, 2024
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01Aug

UK. Savers warned of pensions impact on deforestation in Jane Goodall ad campaign

Jane Goodall and Genesis frontman Peter Gabriel have joined forces for a new ad campaign that warns UK savers of their pension investments’ hidden impact on global forests. The “Saving Jane” advert released on Wednesday shows an animated version of the zoologist saving up money in a pension pot to visit a tropical rainforest in Sumatra, Indonesia, only to discover the money was invested in companies destroying the natural world she wanted to protect. The film, which features a re-recording of...

August 1, 2024
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July 2024
31Jul

Climate Polarization and Green Investment

By Anders Anderson & David T. Robinson We build a nationally representative sample of retirement savers in Sweden to study how climate polarizaton affects individual investment decisions. After the record-breaking heat wave of 2018, respondents in regions with strong support for a right-wing, anti-climate party grow less concerned about climate change, while respondents outside these regions grow more concerned. Those growing more concerned rebalance their retirement portfolios toward climate-friendly mutual funds; those growing less concerned rebalance out of these funds,...

July 31, 2024
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31Jul

Inversión Sostenible, nuevo paradigma en las decisiones de inversión en Chile

Por Paulina Musalem Falaha Este trabajo presenta un análisis del rol de la sostenibilidad en los modelos de decisiones de inversión en Chile. El objetivo de esta investigación es analizar las percepciones de cómo los inversionistas institucionales consideran la sostenibilidad en sus porfolios de inversión y los principales desafíos que ello conlleva. Para lograrlo se utiliza una aproximación cualitativa a partir de 23 entrevistas semiestructuradas elegidas a través de un muestreo por conveniencia. Los datos muestran que el 79% de...

July 31, 2024
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24Jul

ESG Reporting: Estrategias, Retos y Oportunidades

Por Lorena Salgado El ESG Reporting se ha convertido en un componente crucial para el éxito y la reputación empresarial, por lo que en este artículo presentamos una guía esencial para entender el dinámico y creciente campo del reporte de sostenibilidad ambiental, social y de gobernanza (ESG). Exploraremos las estrategias efectivas para implementar un ESG Reporting significativo, los desafíos que las empresas enfrentan en este proceso, y las oportunidades que surgen al adoptar prácticas de reporte responsables y transparentes. A través de...

July 24, 2024
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