A decade needs a purpose
The decade ahead promises to be one in which purpose gets to be much more widely entrenched and influential. And asset owners have a role to play in the path to purposeful capitalism.
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
The decade ahead promises to be one in which purpose gets to be much more widely entrenched and influential. And asset owners have a role to play in the path to purposeful capitalism.
The largest pension fund in Europe, the €450 billion Dutch ABP, set out its sustainability and responsible investment plan for 2025 last month. The plan sets out long-term objectives – in line with the goal of a climate-neutral economy by 2050 – as well as the short-term steps to achieve that.
The crisis in China is far from over. But the Sustainable Finance Institue’s Huang Zhong and Cary Krosinsky, author of the upcoming Modern China: Financial Cooperation for Solving Sustainability Challenges, argue it is never too early to look at what went wrong. They argue if the Chinese government and its ruling party applied some basic sustainable investment principles, it would have taken a very different approach towards critical stakeholders such as Dr. Li and potentially avoided some of the negative consequences.
Everyone's talking about it - a carbon-neutral economy by 2050 - but what are investors doing about it? Amanda White reports on the specific climate activities of some of the world's leading asset owners.
The PRI welcomed its 500th asset owner signatory last week, Lorenzo Saa the organisation's chief signatory relations officer, looks at what this means for asset owners and their managers.
The World Economic Forum’s annual shindig in the Swiss alpine resort of Davos was all about sustainability in 2020 with some specific outtakes for investors around carbon. There were other lessons for investors too, like caution around illiquid assets and the perils of negative yielding debt.
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