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NY Common’s sustainability integration
Andrew Siwo is the first director of sustainable investments and climate solutions at the $200 billion New York State Common Retirement Fund (CRF). Here he talks about the fund’s approach to ESG integration.
Taking the long view
Governments are among the few agencies that can help the private sector hedge against the increasing problem of aggregate longevity risk. David Blake, Tom Boardman, Andrew Cairns and Kevin Dowd from the Pensions Institute at Cass Business School urge governments to issue longevity bonds as soon as possible
Fossil fuel on last legs: Lovins
Rocky Mountain Institute co-founder Amory Lovins warned that competition would tip fossil fuels into decline at a ‘breathtaking’ pace. Investors have a duty to act, he said.
Eliminating the costs of disruption
Institutional investors face a rapid and evolving set of responsibilities that can severely impact their ability to focus and fulfill on their long-term strategy if not dealt with in a process-driven way. FCLTGLobal has released a guide for investors, Ripples of Responsibility, to specifically provide procedures around those responsibilities and gives investors tools to understand and fulfill on these responsibilities.
A fiduciary duty to all of society
Saïd Business School’s Peter Tufano says investors’ responsibility is to make decisions for the collective good; he identifies 12 future threats to the species to consider in strategy.
Performance variation impacts treatment of infrastructure: PGIM
Historical performance and cash flow characteristics differ enormously among infrastructure asset sectors, and even between assets of the same sector, says the vice president of PGIM IAS’ private assets research program. But scarcity of data makes infrastructure performance notoriously hard to study.
Did S&P downgrade democracy?
Rogerscasey chief executive, Tim Barron (pictured), provides a different perspective on the S&P downgrade of US Treasuries, asking whether the act was actually a downgrade of democracy in that country.
Data, measurement, impact and change
This session examined the regulatory views around the world and the need for global standards for global investors.
Deconstructing Herding
This World Bank policy research paper examines the herding behaviour of pension funds, concluding that funds herd more in assets for which they have less market information and when risk increases. Moreover, herding is more prevalent across funds that narrowly compete with each other.



Sustainability Digital – Sept 2021