Income inequality a global threat
From human rights to executive pay, the list of factors adding to global income inequality is growing, as is investor concern over the rising potential for financial and economic destabilisation.
Divesting from the oil sector has been a boon for La Caisse’s performance, as the Canadian pension giant says its energy investments have earned billions in value-add compared to the benchmark since the inception of its climate strategy. Head of sustainability Bertrand Millot unpacks the fund’s approach in an interview with Top1000funds.com.
From human rights to executive pay, the list of factors adding to global income inequality is growing, as is investor concern over the rising potential for financial and economic destabilisation.
An Australian case brought by a millennial against his pension fund is a world first and will make law on whether trustees breach their fiduciary duties when they ignore climate change.
Hardly a day goes by without some communication on ESG investing. It seems everyone is getting on the bandwagon. But peers that Paul Bevin speaks to have concerns that virtue may come at a price.
Climate Change 100+, a five-year initiative to help carbon emitters navigate the move to clean energy, has built momentum and needs fund managers and investors to propel it even further.
The move to a low-carbon world may leave entire communities stranded if investors don’t incorporate its impact on workers into their climate-change models, the PRI says.
The investment community’s obsession with short-term earnings is detrimental but convincing investors to back the slow, patient money is a tough sell, according to the CIO of one of the largest US pension funds, Chris Ailman, speaking at the annual SASB conference.
Featured Story