Investors demand company action on climate change
Some of the world’s largest investors have outlined their expectations of how companies should respond to climate change.
Some of the world’s largest investors have outlined their expectations of how companies should respond to climate change.
Despite clean energy public equity investments performing poorly in 2011, there are still attractive investing opportunities in the sector and strong investor interest in financing green energy infrastructure, a Deutsche Bank Climate Change Advisors report has revealed.
Pension funds are “perpetual investors” and should promote long-term, sustainable economic growth through integrating environmental, sustainability and governance considerations into investment decisions, New York State Comptroller Thomas DiNapoli says.
While Virginia is the latest US state to announce an overhaul of its public pension system, a report into California’s pension reform plans says it does little to address CalSTRS’ $56 billion of underfunded liabilities and that some proposals may be unconstitutional.
The McKinsey Global Institute has taken a big-picture look at the way the world is changing, with aging populations in the developed world and economic growth shifting towards the fast-growing emerging market economies.
European regulators should focus on ensuring transparency of risk and disclosure about costs and returns to create a level playing field for all financial products, rather than focusing on the potential risks of exchange-traded funds (ETFs), EDHEC-Risk Institute has warned.
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