If climate change represents one of the largest systemic risks the global economy has ever faced, dealing with its ramifications is going to move a lot of money. The world’s youth have taken to the streets calling on their governments for massive, co-ordinated policy change, but it hasn’t yet manifested. Any piecemeal regulatory shifts suffer […]
If climate change represents one of the largest systemic risks the global economy has ever faced, dealing with its ramifications is going to move a lot of money. The world’s youth have taken to the streets calling on their governments for massive, co-ordinated policy change, but it hasn’t yet manifested. Any piecemeal regulatory shifts suffer […]
The California State Teachers’ Retirement System, together with the Japan’s Government Pension Investment Fund and the USS Investment Management Ltd., which manages funds for the U.K.’s Universities Superannuation Scheme, are calling for long-term sustainability to become a more prevalent concern for corporations and asset managers alike, in a joint statement released in early March. Systemics […]
Pension funds view geopolitical risk as the top risk to the financial system, followed by economic risk and climate risk, according to the Global Risk Institute in Financial Services’ annual risk outlook survey for 2019-2020. While the survey wasn’t technically broken down by pension plans versus other institutional investors, Sonia Baxendale, chief executive officer of […]
With the task force on climate-related financial disclosures becoming increasingly common in institutional investor circles, how can Canadian pension plans start to use its guidance effectively? During a webinar hosted by the Association of Canadian Pension Management on Tuesday, Maria Montero, climate change program head at the Canada Pension Plan Investment Board, said her organization […]
The University of Toronto Asset Management Corp. is teaming up with more than 120 institutional investors to call on the aviation sector to confront the issue of climate change-related risks and opportunities. The UTAM signed a statement from the United Nations’ Principles for Responsible Investment, which lays out investors’ expectations on climate change for the sector. […]
For the first time, defined contribution plan assets are exceeding defined benefit holdings across the world’s six largest pension markets, according to new report by Willis Towers Watson’s Thinking Ahead Institute. The report also found DC plan assets have grown at a faster rate (8.4 per cent per annum) than DB plans (4.8 per cent per annum) […]
Index-provider FTSE Russell is launching the first government bond index of countries in the economic and monetary union of the European Union that adjusts country weights based on climate risk. The index provides a forward-looking assessment of these countries’ climate risks, such as the expected economic impact of transitioning to Paris Accord target greenhouse gas […]
In an unusual move for an index provider, MSCI Inc. is urging the investment industry as a whole to incorporate environmental, social and governance issues into their investment processes. “Really we think there’s an urgency,” says Remy Briand, head of ESG at MSCI. “We think there are still too many investors that are not realizing that, […]
Climate change’s ramifications for real estate, the rise of innovative technologies and the changing nature of stakeholder activism are some of the environmental, social and governance trends to watch as 2020 kicks off, according to an outlook from MSCI. While asset owners have been eyeing the potential effects of severe weather events and natural disasters […]