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Connecticut, New York pension funds target Alliant for gun-control proxy proposal
trueAlliant Techsystems Inc. shareholders will face a joint proxy proposal from the Connecticut Retirement Plans & Trust Funds and New York State Common Retirement Fund calling on the company to address “public safety issues arising from the misuse of firearms and ammunition that poses risk to investor ...
More institutions sign up for UNPRI
trueAQR Capital Management, Babson Capital Management and Cornerstone Capital Management joined 27 other institutional investors in becoming the latest signatories of the United Nations-supported Principles for Responsible Investment, according to a statement Wednesday from the initiative’s governing ...
ULI conference focuses on healthy real estate
trueNow that green real estate has become widespread, real estate money managers are moving to expand their horizons to healthy properties.
Investors scrutinizing high carbon emissions risk
trueExposure to companies with extensive fossil fuel reserves and companies with high carbon emissions ranks as the top concern among trends in environmental, social and governance issues, driving pension funds to examine the risks and to craft responses.
Carlyle hires 1st chief sustainability officer
trueJackie Roberts will join alternative investment manager Carlyle Group on Feb. 18 as chief sustainability officer.
Ceres: Institutional investors pushing 10 companies to assess carbon risks
trueInstitutional investors have filed shareholder proposals at 10 companies, asking them to assess carbon-related risk to their capital expenditure and other business operations, according to a statement Wednesday by Ceres, a group of institutional investors encouraging companies to address climate ...
Ceres: SEC needs to better enforce climate change disclosure requirements
trueThe Securities and Exchange Commission “is not adequately enforcing” compliance of its requirements for corporations to disclose climate change financial risks, according to a new report by Ceres.
17 foundations commit to dumping fossil-fuel investments
trueSeventeen foundations, whose combined assets total $1.76 billion, committed to divest their fossil-fuel holdings, according a statement from their joint initiative called Divest-Invest Philanthropy.
Rhode Island commits to real estate, private equity
trueRhode Island State Investment Commission made a total of $60 million in commitments to two investment funds.
ISBI seeks proxy-voting, ESG advisory services
trueIllinois State Board of Investment, Chicago, issued an RFP for proxy-voting and ESG advisory services.
ABP divests Tokyo Electric Power investment
trueStichting Pensioenfonds ABP divested its shares investment in Tokyo Electric Power Co., in line with its socially responsible investing policy.
Steps to deal with emerging risks of stranded assets
trueChanges in environmental regulations and technologies could quickly erode the value of assets in various sectors including energy and real estate. Ben Caldecott, a professor at Oxford University, offers steps to deal with emerging risks of so-called "stranded assets."
France's FRR hires 2 for ESG, adds 3 to transition manager roster
trueFonds de Reserve pour les Retraites hired BNP Paribas Asset Management and Kleinwort Benson Investors to manage €150 million ($203 million) each in environmental, social and governance investments.
Callan: One-fifth of institutional investors incorporate ESG into investing
trueOnly about one-fifth (22%) of U.S. institutional investors incorporate environmental, social and governance strategies into their investment decision-making, with only an additional 7% considering it, according to a new survey conducted by Callan Associates.
Calvert Investments hires director of institutional sales
trueMichael L. Davis was named director of institutional sales at Calvert Investments.