Why engagement fails: APG and South Korea’s KEPCO
APG's Yoo Kyung Park offers insights into the challenges of engaging with state-owned monopolies and why APG finally threw in the towel with South Korea's KEPCO.
APG's Yoo Kyung Park offers insights into the challenges of engaging with state-owned monopolies and why APG finally threw in the towel with South Korea's KEPCO.
Danish pension fund, the DKK 925 billion ($140 billion) ATP, is protecting against greenwashing in its growing allocation to green bonds with a variety of in-house screening processes.
Africa's largest pension fund has redrawn its mandate with its asset manager PIC introducing a clause around consequence management that leaves the PIC liable in the event of inappropriate investment decisions. Elsewhere the fund has just raised the ceiling on its ability to invest more overseas.
In its latest position paper, Australia's Future Fund outlines its investment approach in a new investment landscape characterised by the end of 60:40 portfolios, inflation, declining corporate earnings and climate change - amongst others.
"I wouldn’t dare tell a company how it should be run, they are the experts. Rather than tell a board how to behave I would rather have them compete," says Paul Droop, group pensions CIO of the Bank of Ireland who believes regulation is damaging free market competition in a worrying new shift that poses the single biggest risk for investors.
Power prices will not fall to zero in a world of renewables and renewable energy generation ebbs and flows require smoothing and investment in new technologies according to experts on renewable energy. Gas will be in the system longer as a bridge fuel, and investors should also explore opportunities in construction-ready or operational fixed-price renewable
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