The UN-backed Principles for Responsible Investment (PRI) is focused on expanding into China, India and the Middle East and driving environmental, social and governance (ESG) integration beyond equities and property and into other asset classes, says PRI executive director James Gifford.
In an era of downgrades managing sovereign risk is a growing concern, and in the current environment investors need to actively manage their fixed income portfolios, says Russell Investment’s Andrew Pease.
While cautiously optimistic about the chances of a global recovery, State Street Global Advisors chief economist Dr Christopher Probyn says last week’s speech by US Federal Reserve Governor Ben Bernanke was disappointing.
A potentially bitter legal battle shaping up between a municipal hospital and Colorado’s public pension fund demonstrates the likely pressures that underfunded funds face as they are caught up in local and state government efforts to slash their budgets.
Some of responsible investing’s most sophisticated adherents have moved from token aspirations to attempting to imbed environmental, social, governance integration into all their investment decisions. Top1000funds.com talked to Dutch asset manager PGGM and Danish fund ATP, which are both widely regarded as ESG leaders, about how they have integrated ESG into their investment processes.
After an extensive review and high-level workshop earlier this month the CalPERS’ investment team will seek board approval in December for a total-fund plan to more fully integrate environmental, social and corporate governance principles into all the investment decisions it makes in each of its asset class.
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