A new report from USS and the University of Exeter, argues that investors who focus on decarbonising their portfolios won’t change real-world decarbonisation and would have more impact on climate change by buying transition investments.
The US has driven portfolio returns for decades, but investors are increasingly concerned that US-dominant portfolios are jeopardising precious diversification. USS, NBIM and IMCO share strategies to foster diversification including different currency exposures and investing in emerging markets.
Paul Marcussen is lead portfolio manager in the external strategies team at NBIM, the manager of Norway’s $2.1 trillion sovereign wealth fund. External strategies allocates capital to active fund managers across a $110+ billion platform that has outperformed its benchmark in 22 of 26 years, generating $17.5 billion in cumulative excess returns. He previously built and led NBIM’s New York office for 18 … Read more
USS has steadily reduced the carbon footprint of its portfolio but real world carbon intensity and global emissions have climbed relentlessly higher. Now the investor says it is going to focus more of its effort on engagement with policymakers than reporting its emissions.
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