Recent weeks and months have seen a rise in activity around pension fund divestment from carbon assets. This month, the City of New York announced a plan to divest from fossil fuels within its five pension funds. In doing so, it joins pension plans in Washington, Berlin and Cape Town, as well as funds at the University […]
Politically motivated investments in environmental, social and governance ventures are a key factor in the underperformance of the California Public Employees’ Retirement System, according to a new report by the American Council for Capital Formation. “The ESG principles that have helped shaped CalPERS’ portfolio over the last four years are truly jeopardizing the retirement fund,” says […]
Some of the world’s largest institutional investors are throwing their weight around on behalf of mother earth. A group called Climate Action 100+, which is comprised of 225 institutional investors with more than US$26 trillion in assets under management, has launched a program to engage with the world’s largest corporate greenhouse gas emitters, encouraging the companies to step up […]
Quebec-based pension fund Bâtirente is investing $15 million towards the creation of a green bond fund to be set up and managed by its partner AlphaFixe Capital Inc. The deal, which puts five per cent of Bâtirente’s total assets in energy transition, is its second major investment in this field. In 2016, it gave a mandate to AGF Management […]
Quebec-based packaging company Cascades Inc. has launched a pilot electric vehicle project to encourage employees to reduce their greenhouse gas emissions. The company, which produces and sells packaging and tissue products that are composed mainly of recycled fibres, is offering a $2,000 financial incentive for all employees who acquire an electric vehicle in the next year. […]
Members include CalPERS, CalSTRS, Goldman Sachs
Long-term risk management focus for DB plans: Survey.