Deafeating short-termism: Why pension funds must lead

In the fall issue of the Rotman International Journal of Pension Management, Ed Waitzer, the Jarislowsky Dimma Mooney Chair in Corporate Governance at York University, Canada, argues the time has come for pension fund trustees and managers to lead rather than be dragged along. This article proposes a number of steps that can be taken to better align incentives and frame decision-making for longer-term perspectives.

 

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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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PRI: Assessing the ‘S’ in ESG

Policymakers worldwide are enacting laws and guidelines that give investors what they need to discover the risks and opportunities social issues present – and funds are already taking advantage.

Trump won’t stop climate action

Stakeholders of all stripes around the world – even in the US – vow to keep fighting climate change, despite President Trump’s decision to back the US Government out of the Paris Agreement.

PGGM touts circular economy

Dutch manager echoes new TIIP/Toniic report that states an economic model of renewable resources and continuous reuse of materials is emerging and investors need to get on board.

Locking up capital has pros and cons

In theory, closed-end funds should outperform over long horizons – they can avoid forced sales. But in practice, lack of monitoring and alignment can lead to agency costs and underperformance.

Ford Foundation seeks social returns

The Ford Foundation has committed $1 billion over 10 years to mission-related investment strategies that earn financial and social returns, challenging others to adopt the same approach.

Norges’ 1-stop shop for risk data

Norway’s Norges Bank Investment Management has developed a one-stop shop that puts sustainability and financial risks in one place for more comprehensive analysis of its portfolio.

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