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CalPERS to launch pilot program for ESG criteria next month
trueCalPERS next month will begin a one-year pilot program of its sustainable investment guidelines, the latest phase in its multiyear project to integrate ESG manager expectations across all asset classes.
France to require institutional investors to disclose carbon exposure
trueThe French government will require institutional investors to measure and disclose their portfolio exposure to carbon.
ESG investing: momentum, barriers and drivers to action
trueWhen it comes to factoring environmental, social and governance criteria into investment decisions, momentum keeps building in the investment community. From climate change to human rights, ESG issues matter more and more in today’s highly scrutinized stakeholder and global business environment, ...
Large pension fund fiduciaries fire back at share-buyback policies
trueThe chief financial officers of two large states and two large cities on Wednesday issued an open letter in their role as pension fiduciaries criticizing the practice of share-buybacks by corporations and questioning whether companies “are adequately reinvesting for sustainable returns over the ...
Illinois passes bill for pension funds to divest from companies boycotting Israel
trueThe Illinois General Assembly passed a bill that would require the five state-funded retirement systems to divest investment holdings in companies that boycott Israel.
University of Oxford reaffirms climate-change policies for endowment investing
trueUniversity of Oxford, Oxford, England, will continue to avoid direct investments in coal and oil sands companies within its endowment funds, and will strengthen the level of engagement and public reporting on carbon emissions and climate change.
Asset owners call for responsible investment exclusions in hedge funds
trueHedge fund managers should exclude certain investments in their strategies and take a more open-minded approach to segregated accounts, to help asset owners comply with their responsible investment policies.
Sustainable investing conference: Not enough data to assess ESG on performance
trueThere is not enough data to determine the impact of environmental, social and governance factors on performance, said Andy Iseri, senior vice president, global manager research at Callan Associates, speaking Wednesday on a panel at The Forum for Sustainable and Responsible Investment conference in ...
Foundations increase impact investing
trueExecutives at private foundations are spending more time thinking about ways to advance their missions through their investments.
Commonfund study: Only one-quarter of endowments practice responsible investing
trueA new survey of 200 U.S. endowment funds found that just 26.5% have formally adopted responsible investment practices that incorporate at least one of four investment principles: socially responsible; environmental, social and governance; impact; and divestment from fossil fuels.
Church of England divests from thermal coal, tar sands companies
trueThe Church Commissioners and The Church of England Pensions Board, London, will divest £12 million ($17.9 million) of exposure to thermal coal and tar sands.
AODP: Nearly half of largest asset owners don't protect against climate change
trueAlmost half of the largest 500 global asset owners fail to protect investments that are under their stewardship from the threat of climate change, shows the latest update to an index tracking climate performance.
New initiative to focus on challenging pension funds over climate change risk
truePension funds that fall short of assessing and mitigating risks arising from climate change could be in breach of their legal duties, warn two non-governmental organizations.
Investor groups say SEC should require companies to disclose political spending
trueFive state treasurers, including North Carolina Treasurer Janet Cowell, sole trustee of the $88.8 billion North Carolina Retirement Systems, Raleigh, are urging the SEC to require corporate political disclosures.
2 companies expand board diversity policies following N.Y. State Common proposals
trueThe New York State Common Retirement Fund, Albany, reached agreements with Monster Beverage Corp. and Standard Pacific Corp. on revisions of policies to expand diversity in choosing members of the corporate boards, Thomas DiNapoli, the state comptroller and sole trustee of the $181.7 billion ...