July 2024
24Jul

Fortalecimiento del Ecosistema de Inversión Sostenible en México

Por Pacto Global México La iniciativa de los Grupos de Trabajo Agenda 2030 son el resultado de un convenio de colaboración entre el Pacto Mundial México y el Consejo Coordinador Empresarial (CCE). Dichos grupos fueron creados con el fin de compartir experiencias y avanzar más rápidamente hacia lograr los Objetivos de Desarrollo Sostenible; como dice el lema del Pacto Global: “uniendo empresas por un mundo mejor”. Dentro de estos grupos de trabajo se encuentra el Grupo de Inversión Sostenible, cuyo objetivo...

July 24, 2024
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19Jul

At world’s biggest asset managers, ESG fund launches quietly stalling

At some of the world’s biggest asset managers, ESG fund launches are quietly stalling. BlackRock, Deutsche Bank's DWS Group, Invesco and the asset management arm of UBS Group are among firms that have cut the number of new funds with environmental, social and governance mandates, according to data provided by Morningstar Direct. This year through the end of May, just over 100 ESG funds were launched globally, putting the industry on track to fall well short of levels seen in recent years, the...

July 19, 2024
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18Jul

México. Afore XXI Banorte alinea sus actividades de operación e inversión al Acuerdo de París

Los objetivos basados en la ciencia (Science Based Targets Initiative, SBTi, por sus siglas en inglés), son metas alineadas a nivel mundial, basadas en la ciencia del clima, para reducir las emisiones de carbono y limitar la temperatura del mundo en línea con el Acuerdo de París. Empresas financieras como Afore XXI Banorte están comprometidas. Esta iniciativa se enmarca en el Pacto Mundial de las Naciones Unidas, el Carbon Disclosure Project (CDP), el World Resources Institute (WRI) y el World...

July 18, 2024
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12Jul

Sustainable Investing in Pensions: Top Tips for Sponsors of Pension Schemes

 By Accounting for Sustainability This top tips guidance is written for organizations that sponsor a pension scheme on the why and how to engage with your pension trustees on sustainable investing. Just as more and more companies are embedding social and environmental risk and opportunity into strategy and decision making, it is vital that their pension schemes follow suit. The impact that climate change and other environmental, social and governance (ESG) risks can have on value and returns is driving changes across...

July 12, 2024
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10Jul

UK sets out plans for National Wealth Fund

UK Chancellor Rachel Reeves has launched a National Wealth Fund (NWF) to unlock private investments in “green and growth industries”. The Labour government has allocated £7.3 billion to the initiative, which will be allocated through the existing UK Infrastructure Bank so investments can start being made immediately. The Treasury said it had, alongside the department for energy security and net zero, convened a meeting with the Green Finance Institute-chaired and investor-backed NWF taskforce set up to advise the government on...

July 10, 2024
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09Jul

Group of Canadian pension fund giants urges CSSB to reconsider exemptions from sustainability reporting

Canadian pension funds question CSSB's proposed exemptions and call for global standards. Investors highlight the importance of consistent sustainability reporting. Pension funds warn that exemptions could undermine global alignment and investor confidence. A coalition of major Canadian pension funds has submitted a letter to the Canadian Sustainability Standards Board (CSSB), urging it to reconsider proposed exemptions for sustainability reporting. This initiative underscores the critical need for global consistency and alignment in sustainability disclosures. The letter is signed by representatives of the following...

July 9, 2024
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05Jul

2023 Defined Contribution Pension and Savings Report

By Gemma Burrows The 2023 survey contains data on 122 of the FTSE 350 companies and 140 other leading UK employers, which makes this one of the largest UK DC Pension and Savings Surveys in the industry. As always, we would like to thank those who took part in this survey and helped us to conduct this research and bring these valuable insights. Get the report here ___ Since our last survey, we have seen turmoil in investment markets, inflation rise into double-digit...

July 5, 2024
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05Jul

Global Public Pensions 2023

By OMFIF  The Global Public Pensions 2023 report explores how public pension and sovereign funds are building optimal investment strategies to address the uncertain economic environment and factor sustainability into their portfolios. The report draws on surveys, discussions, and written contributions from 22 global public funds across the world with combined assets under management of $4.3tn. These include the likes of Singapore’s GIC, Canada’s CDPQ, Australia’s Future Fund and India’s National Infrastructure Investment Fund. It also analyses the annual reports...

July 5, 2024
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05Jul

Judge throws out anti-ESG lawsuit against New York City pension funds

A New York state judge has thrown out a lawsuit against three of the five pensions funds in the $264.3 billion NYC Retirement System, saying New York State Supreme Court Judge Andrea Masley ruled July 2 that she dismissed the complaint because “plaintiffs here have not, and will not, suffer any monetary losses based upon defendants’ investment decisions.” Plaintiffs contended the pension funds' investment decisions would impair their ability to provide long-term benefits for retirees, an allegation Masley wrote was “speculative.” The judge supported...

July 5, 2024
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02Jul

UK. DC pension schemes see rise in investments in assets with climate targets

The defined contribution (DC) pension scheme market has seen almost a quarter (23%) increase in schemes’ investment in assets with climate targets since 2021, according to research from Barnett Waddingham. The majority (86%) of DC pension schemes have set targets to reach net-zero by 2050, with 18% of these targeting 2040. Of the pension schemes that have set net-zero targets, 81% have committed to achieving interim targets, in many cases aiming to achieve a 50% emissions reduction by 2030. Barnett Waddingham said:...

July 2, 2024
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