PRI pushes for just transition
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 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.
The £30 billion ($38 billion) Brunel Pension Partnership, the asset pool comprising 10 of the United Kingdom’s local authority pension schemes, is finding significant investment opportunities in private-sector renewables infrastructure.
Implementing the recommendations of the Task Force on Climate-related Financial Disclosures is challenging, fortunately some investors are paving the way, a PRI climate conference heard.
The UK’s £30 billion Brunel Pension Partnership has published an asset management accord. The document is designed to clarify what it expects from its mandates and what they can expect from Brunel. A long-term focus, aspects of communication, and responsible investment and stewardship are among the topics the accord covers.
Predictions about artificial intelligence are often dire prophecies of humanity inventing the agent of its own demise or obsolescence. But if we consider that human cognitive powers might actually grow in response to the advancement of AI, the potential outcomes become less threatening.