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PRI exec harnessing the power of $45 trillion
trueThe woman at the helm of the United Nations-supported Principles for Responsible Investment and her team are on a mission to get asset owners to use their influence — and trillions of dollars in collective assets — to bring responsible investment into the mainstream, flex their engagement muscles ...
Money managers create firm to cater to Catholic investors
trueSome big names in institutional investing have joined forces to provide Catholic-affiliated pension funds, endowments and other non-profit organizations with money management that follows the tenets of their faith.
Lofty ambitions require sharp teeth for PRI
trueIn order to continue the fight toward a sustainable future, the United Nations-supported Principles for Responsible Investment must grow sharper teeth, its leadership maintains.
McKnight Foundation hires Mellon for carbon efficiency strategy
trueMcKnight Foundation, Minneapolis, hired Mellon Capital Management to run $100 million in a U.S. equity carbon efficiency strategy.
AP2 to divest from coal, oil and gas companies
trueAP2, Gothenburg, Sweden, is to divest from coal and oil and gas production companies to reduce its financial risk in fossil-fuel-based energy, said a spokeswoman.
MSCI launches fossil-fuel free indexes
trueMSCI introduced Thursday a set of indexes excluding fossil-fuel companies.
Calvert Investments names new CEO
trueJohn Streur Monday was named CEO of Calvert Investments.
Yale puts students to work analyzing low-carbon investing
trueYale University, New Haven, Conn., will host its “National Low-Carbon Portfolio Case Competition” at the Yale School of Management's Evans Hall on Nov. 14.
University of Glasgow to divest from fossil-fuel companies
trueUniversity of Glasgow is the first university in the U.K. to promise to fully divest from fossil-fuel industry companies, said a spokesman.
Hermes survey: ESG factors will trump investment opportunities
trueIncreasing institutional investor awareness of environmental, social and corporate governance factors will come at the expense of investment opportunities, a new survey of institutional investors found.
Groups demand more action on green investing
trueInstitutional investors and international organizations are coming together to get energy companies to divest from carbon-based investments and governments worldwide to stop subsidizing fossil fuels.
Rockefeller fund uses outsourced CIO to help achieve mission-related investing goals
trueA key part underlying the Rockefeller Brothers Fund’s process to divest its fossil-fuel holdings and shift its investments closer to its philanthropic aims was moving to an outsourced CIO structure.
CalPERS pledges to disclose carbon footprint in investment portfolio
trueCalPERS on Thursday became one of the initial signatories to a new global carbon pledge, committing to measure and publicly disclose the carbon footprint of its investment portfolio.
ERAFP puts carbon dioxide emissions filter on eurozone equity portfolio
trueL'etablissement de Retraite Additionnelle de La Fonction Publique added a decarbonization filter to a €750 million ($955 million) passive eurozone large-cap equity portfolio managed by Amundi Asset Management.
MSCI creates carbon exposure indexes
trueMSCI Inc. launched a new family of indexes consisting of companies with lower carbon exposure than the rest of the market, MSCI announced in a news release.