Private credit will play a vital role in accelerating the transition to a low-carbon economy.According to Rob Horn, global head of the Blackstone Credit Sustainable Resources Group, this role is set to get a whole lot bigger. Horn believes that credit will eventually supply as much as 60 per cent of the estimated $100 trillion needed to decarbonise economies around the world providing for a particularly attractive investment opportunity for private credit. An opportunity to drive attractive risk-adjusted returns, while potentially improving societal outcomes. In this exclusive fireside chat with Fiona Reynolds, chief executive of Conexus Financial and former head of the UN-supported Principles for Responsible Investment, Horn outlines Blackstone’s view on energy transition as a key investment theme for the firm; its approach to sustainable finance; and what is needed to encourage more institutional investors into this rapidly evolving space.
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.
The Ethical Council, a collaboration between the Swedish funds AP1-4, concluded dialogues with four companies in 2009 after achieving its ethical objectives, but unsuccessful dialogue with Elbit Systems has resulted in the funds excluding the company from their portfolios effective immediately. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The Yale endowment has a substantial and growing exposure to green investments with allocations in timberland, emerging markets and venture capital including more than $100 million in cleantech. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The giant Danish fund ATP has earmarked €1 billion to a climate change action fund, deliberately timing the launch of the commitment to coincide with the UN conference in its capital, Copenhagen. Amanda White spoke with chief investment officer of ATP, Bjarne Graven Larsen, about how the fund is using its sizeable capital to incite
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
The New York State Teachers Retirement System has voluntarily withdrawn active participation in the United Nations Principles for Responsible Investment (UNPRI) initiative but will continue to support strong corporate governance principles through memberships in the Council of Institutional Investors and Ceres. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The $109 billion New York State Common Retirement Fund will internally manage $200 million allocated to companies in the FTSE Environmental Technology 50 and the HSBC Global Climate Change Index under the fund’s green strategic investment program. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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