Transitioning finance to finance the transition

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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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Asset owners embrace ESG

Leading asset owners have integrated ESG into their investment policies and processes in order to harness the opportunities of global systemic drivers, a panel of investors told PRI in Person.

Credit-risk analysts weighing ESG

A PRI report finds that ESG factors are slowly becoming a bigger consideration by ratings agencies in bond markets. The PRI plans industry forums to make further progress.

Norway reviews GPFG strategy

Norway is looking into whether GPFG, the world’s largest sovereign fund, should take on more diversifying assets and expand its tracking error. The fund’s ESG performance is also under review.

Consequences of short-term investment

Equity managers are skewed to potentially sub-optimal short-term investment, a new study shows, with little understanding of opportunities missed, risks ignored and hidden costs.

NZ Super cleans out its carbon

Investors are not getting paid for taking on carbon risk according to New Zealand Super, prompting the fund to move its global passive equities portfolio to low carbon.

PRI moves on reporting, data

The UN’s Principles for Responsible Investment is cranking up accountability for signatories, with plans to share examples of best practice and put on notice members that are below standard.

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