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
A new impact investing verification, which uses the same level of rigor that institutional investors approach the due diligence of fund managers, promises to unlock capital flows into impact and build the necessary scale with integrity needed to address the urgent social, environmental, and economic challenges.
A recent survey of CFA Institute members showed finance firms are lagging in how they incorporate climate change into the investment process. Matt Orsagh, senior director, capital markets policy at CFA Institute, details steps that can be taken to improve this.
Watered-down shareholder participation at AGMs, due to virtual meetings during the pandemic, is sounding alarm bells at APG, the largest pension fund in Europe, where collaboration with other asset owners and organisations is the beating heart of its ESG strategy and a central tenet to its stewardship response to the pandemic.
New Zealand Super’s low-carbon reference portfolio has outperformed the original reference portfolio, adding NZ$800 million to the fund and providing evidence of ESG alpha. The low-carbon reference portfolio, that until now has had targets of reducing emissions intensity by 20 per cent and its exposure to potential emissions from fossil fuel reserves by 40 per cent, has added about 60 basis points per annum to performance since it was brought
The Investor Mining & Tailings Safety Initiative, chaired by the Church of England Pensions Board and the Swedish Council of Ethics of the AP Funds has won the PRI Stewardship Project of the Year Award. The initiative reveals the qualities of successful stewardship.
The momentum around diversity and inclusion in the investment industry continues as consulting firms put pressure on asset managers to report on diversity and institutional investors in Canada and the US commit to solving inequities related to diversity.
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