The blockage of the Strait of Hormuz has left the world facing another energy crisis and warning bells of a global recession are growing increasingly shrill. Ostensibly, the crisis could also push the energy transition back as governments and companies scramble to shoulder the cost of $100 per barrel of oil and prepare for higher
PMT, the Dutch fund for metal and technical workers, has just increased the screens guarding its equity and bond allocations from ESG laggards. It is also increasing its engagement with companies to try and build climate awareness.
Texas Teachers has kicked back against its proxy advisor ratcheting up voting powers on companies subject to its benchmark policy climate provisions. Rather than blindly follow climate voting advice, TRS will introduce a customised benchmark to give it freedom to vote in accordance with the pension fund’s "best economic interests".
Railpen, well known for its belief in the cost and control benefits of inhouse management visible in its large in-house team has also built up an internal engagement team to better align stewardship with its ESG objectives, particularly ambitious net zero targets.
It is fundamental that asset owners contribute feedback to the prototypes on climate and general sustainability disclosures issued by the International Sustainability Standards Board (ISSB) according to Janine Guillot, special adviser to the ISSB chair.
The United Nations Joint Staff Pension Fund plans to explore impact investment for part of the $90 billion portfolio including in developing and emerging markets like Africa, and boost diversification of its investments across developed, developing and emerging markets.
Asset allocators should prioritise creating their own accountability system for diversity, equity and inclusion in 2022 according to Jason Lamin founder and chief executive of DEI specialist Lenox Park Solutions.
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