Long term investors must focus on transition not divestment at COP28

Investors and corporations will arrive in Dubai fo
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La Caisse’s oil exit pays off as renewables portfolio pulls ahead of fossil fuels

La Caisse’s oil exit pays off as renewables portfolio pulls ahead of fossil fuels

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.

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TPI’s ambitious path to low carbon

The Transition Pathway Initiative has grown quickly as a tool for asset owners and fund managers looking to plot their way toward a low-carbon economy – but there is more on its agenda. Scrutiny of more investors, expanded research and transparency in emerging markets are all on its to-do list.

Dutch funds team up for OECD Guidelines

More than 70 pension funds from The Netherlands have joined forces with the Dutch Government and trade unions for the Responsible Business Conduct Agreement – a pledge to work together to prevent their investment practices from harming society or the environment.

Why credit ratings need to reflect ESG

ESG relevance scores and ESG-dedicated sections in ratings commentaries are examples of how ratings agencies are addressing demand for analysis of such risk factors in fixed income, the PRI’s Carmen Nuzzo says. Managing data for good comparisons will be a challenge going forward.

Metrics for long term performance

Academics Gordon Clark and Ashby Monk have created 11 metrics that focus on meaningful and useful predictors of long-term performance. It’s a boon for investors struggling with the problem of appropriate measures for investing for the long term, a horizon where traditional benchmarks don’t always fit.

Good for the world, and the bottom line

New research explores the possibility that a focus on social and environmental impact can boost financial returns, rather than hurt performance. ‘Societally driven alpha’ is being left on the table when investors myopically focus only on the business drivers of value.

Asset owners’ climate-change advice

A new guide, Climate Change for Asset Owners, provides case studies and other practical advice for how to get investor organisations focused on climate change, how to craft a related investment strategy and how to implement it. The publication includes content from 10 asset owners.

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