Climate change – Page 51
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Bonus eyes climate risks with fresh investment approach
The €1.5bn Austrian multi-employer scheme is setting up a fund-of-funds structure it believes will help improve the transparency of climate-related risks
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LGPS advisory board pursues ESG-related guidance updates
Scheme advisory board wants to make sure legal framework for LGPS does not lag that for other pension schemes
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BlackRock accused of ‘myopic’ fossil fuel investment
Think tank claims world’s largest asset manager has failed to protect investors but BlackRock challenges methodology and findings
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FRR launches ESG portfolio analysis searches and updates RI policy
Responsible investment strategy for 2019-23 includes aligning portfolio with 1.5-2°C warming trajectory and defining an ‘extra-financial risk budget’
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Moody’s makes buy-side fintech, climate risk acquisitions
RiskFirst is known for its platform for defined benefit pension plans, while Four Twenty Seven specialises in climate risk data and analysis
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£22bn UK pension fund ‘should divest from fossil fuels now’, say protesters
Campaigners gather outside Greater Manchester Pension Fund’s office, but scheme argues it is already ‘working hard’ to achieve climate risk goals
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France’s ERAFP keeps its eye on portfolio diversification
The €30bn pension fund is seeking to shift investments towards equities, private equity, real estate and infrastructure
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PensionDanmark, Industriens return to PRI after 2013 spat
All six Danish pension funds that exited the PRI six years ago have now returned as signatories in the wake of a governance review
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Local authority fund shifts £500m into low-carbon index tracker
Swansea Council’s £2.1bn pension fund wants to reduce its exposure to carbon-intensive companies and fossil fuel investments by up to 50% by 2022
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Nordea Life & Pension Sweden makes €2.1bn sustainable investment shift
Swedish pension provider says move halved the portfolio’s carbon footprint
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Research on corporate climate action an ‘urgent challenge to investors’
Research conducted for asset owner network finds that seven in eight companies not cutting carbon emissions at the rate required to keep global warming below 2°C
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Amundi and EIB partner to develop European green credit market
Agreement includes creation of a diversified fund investing in green high yield corporate bonds, green private debt and green securitised debt
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UK minister ups the ante on pension funds and climate change
Guy Opperman tells London Climate Action Week gathering that pension funds ‘must play a massive role’ in getting the UK to net-zero greenhouse gas emissions by 2050
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Interview: Rhian-Mari Thomas, Green Finance Institute
As part of London Climate Action Week the UK government has launched the Green Finance Institute, led by Barclays’ former green banking chief Rhian-Mari Thomas
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ATP, PKA invest in European Investment Bank’s DKK3bn climate bond
First Danish kroner bond issued by an sovereign, supranational or agency was praised for fostering transparency
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UK to explore mandatory climate reporting for pension funds, companies
Government green finance strategy welcomed, but investors emphasise it must only be seen as a first step
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UK pension fund figures sign climate impact pledge
Signatories pledge to push asset managers to engage with investee companies about their impact on climate and plans to transition to a low-carbon future
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PenSam blacklists 26 oil firms but sticks with Shell, BP
Danish pension fund divests more than €17m worth of shares in its latest equity portfolio exclusions move in support of the Paris Agreement on climate change
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Pension fund ESG integration ‘dangerous’, claims economist
Economist Henrique Schneider splits the audience at a Swiss conference by speaking out against sustainable investment as a fiduciary duty
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UK regulator sets out climate change investment guidance for DC schemes
TPR also urges trustees to consider the liquidity requirements of their members as spotlight falls on daily dealing investment funds