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Report reveals Norway’s SWF climate risk

Norway’s 3496 billion kroner (US$582.7 billion) sovereign wealth fund could suffer significant losses in a range of climate-change scenarios if it fails to hedge its risk by investing in climate-sensitive assets, the release of a confidential report shows. Norway’s Ministry of Finance recently released an extensive study by asset consultant Mercer on the effects of […]

Growth in China wind and solar energy to slow

China’s 12th Five Year Plan sets out ambitious goals for de-carbonizing China’s electricity supply. The plan emphasises a large-scale expansion of renewable and low-carbon electricity energy sources.
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DiNapoli: fund focuses on economic growth

Pension funds are “perpetual investors” and should promote long-term, sustainable economic growth through integrating environmental, sustainability and governance considerations into investment decisions, New York State Comptroller Thomas DiNapoli says.
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Investors take strong action on climate risk

One year after a ground-breaking Mercer report into the potential impact of climate change on portfolio performance, more than half of investor participants have decided to include climate change considerations into risk management and/or strategic asset allocation decisions.