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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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ESG industry needs better social skills

Human rights advocate Kerry Kennedy says ESG frameworks are not providing investors with enough reliable data about human rights and other social issues to allow accurate assessment of risks.

GPIF, AP2 go granular on ESG integration

GPIF’s Hiro Mizuno and AP2’s Eva Halvarsson stressed the importance of combating short-termism at every level of the investment chain and throughout the organisation, to forge sustainability.

PRI signatories challenged to act now

Mission 2020 convenor Christiana Figueres challenged PRI signatories to invest 1 per cent of assets in clean technology and renewable energy by 2020, saying the world is nearly out of time.

Board, ESG staff need good harmony

When fund trustees and internal environmental, social and governance staff have an open, collaborative relationship, information flows more efficiently and difficult issues can be addressed.

Sustainable development on to-do list

The largest fund in the US, the California Public Employees’ Retirement System, the largest fund in Europe, ABP, and a fast-growing Australian fund, Cbus Super, have all adopted the SDGs.

Europe in quest for sustainability

There is momentum on the continent towards a sustainable financial system but a short-term economy persists. Stakeholders think the classic metrics of success may need to change.

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