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.
CalPERS’ approach to improving portfolio returns by engaging management of poorly performing companies to rethink governance and strategy has had a substantial endorsement, with analysis by Wilshire Associates demonstrating that the fund has had a dramatic effect on the performance of the companies placed on its Focus List. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The five New York City pension funds selling shares worth $10.8 million in two companies with business ties to Iran have been asked to adopt resolutions for the phased divestment of holdings in eight more companies with ties to the country which, in total, have a market value of more than $141 million. mrec4inarticleinline Sponsored
A group of South African investors, led by the country’s largest pension fund, the R711.15 billion (US$89 billion) Government Employees Pension Fund, have launched an investor network as part of their commitment to the United Nations Principles of Responsible Investment (UNPRI). Amanda White examines the ambitions of the network in changing the investment landscape in
Gaining Ground is a report by Mercer, in conjunction with the World Bank’s International Finance Corporation, examining the integration of environmental, social and governance factors into investment processes in emerging markets. It includes the first ever rating on ESG practices in China, India, South Korea and Brazil. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The US$10 billion sovereign fund New Zealand Superannuation Fund (NZSF) has, in its typically transparent fashion, published a UN assessment of its adherence to the UN Principles for Responsible Investment. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
One year ago, we published Investing in Climate Change: An Asset Management Perspective. We argued that the growing investment opportunities in climate change were driven by long-term mega-trends that would continue into the foreseeable future. One year on, the absolute necessity to act now to mitigate and adapt to climate change is even more urgent,
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