Temasek chief executive Dilhan Pillay says the sovereign investor is likely to miss its 2030 interim climate target, as exposures to the aviation and power generation sectors are crimping the investor’s ability to reduce portfolio target emissions. But the $339 billion fund is sticking to its net zero by 2050 goal, stressing the slower decarbonisation pace "reflects the realities of the broader global economy."
AP2 has voiced its concerns around what impact the shift in US shareholder proposal exclusions, or the so-called “no-action letter” change, will bring to sustainability-conscious investors, as the Swedish buffer fund gears up for a busy year of engagement in 2026.
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion ($18.3 billion) to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
South Korean investors’ pursuit of offshore investments has become a significant source of won weakness and triggered a shift in hedging rules for the $1 trillion National Pension Service. With an overseas asset exposure greater than Korea’s national foreign reserves, NPS’ move demonstrates the scale of impact FX risks can have on portfolios.
The $273 billion New York State Common has upped the pressure on portfolio companies to report on how artificial intelligence usage is contributing to layoffs, as AI governance becomes a growing focus in the proxy voting and engagement activities of asset owners.
Australia's Future Fund is hoping to find tens of millions in cost savings by consolidating arrangements with external data and tech providers and putting a number of roles under review as it reconsiders resourcing in a volatile investment environment that it “expects to endure”.
The $556 billion CalPERS is considering a more complete integration of “collaboration” and total fund results as performance metrics for its executives and investment team as it makes headway in its shift to the total portfolio approach.
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