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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.
Funds join with Mercer to study climate change effects on asset allocation
trueInstitutional investors with combined assets of $1.5 trillion have partnered with Mercer to study the asset allocation implications of climate change, said a statement Monday from Mercer.
Rockefeller fund saying no to fossil fuels
trueRockefeller Brothers Fund, New York, has begun divesting its fossil-fuel holdings, said a statement Monday from the foundation.
Investors seek political contribution disclosure, end to exec tax payment at FedEx
trueFedEx Corp. shareholders face separate proxy proposals from the New York City Retirement Systems and the International Brotherhood of Teamsters General Fund, calling for, respectively, disclosure of the company's political contributions and an end to paying personal taxes executives own on the ...
University of California OKs sustainable investing framework, UC Ventures
trueUniversity of California Board of Regents voted Thursday to establish and integrate a framework for sustainable investing.
Institutional investor coalition calls on governments for climate-change policies
trueA group of 347 global asset owners and other institutional investors representing $24 trillion in assets — including CalPERS, CalSTRS, BT Pension Scheme and BlackRock — called on government leaders worldwide to phase out subsidies for fossil fuels and move to carbon pricing to facilitate ...
Environment Agency Pension Fund picks manager for sustainable investment
trueEnvironment Agency Pension Fund hired Ownership Capital to run £85 million ($138 million) in an active sustainable global equity strategy.
World Economic Forum provides road map for impact investing
trueInstitutional investors run the risk of underperforming in the long run by overlooking non-financial data in their investment decision-making, said a report issued Tuesday by the World Economic Forum, encouraging investors to consider moving to impact investing, combining the promotion of social ...
Minnesota State Board of Investment searches for transition manager
trueMinnesota State Board of Investment plans to look for a transition manager.
Large Australia pension funds go internal, become more vocal as active shareholders
trueTwo of Australia's biggest pension funds say the industry will become more vocal in holding public companies to account as assets are increasingly managed in-house, filling a void of shareholder activism in the nation.
Environment Agency Pension Fund seeks ESG managers
trueEnvironment Agency Pension Fund is searching for one to three global ESG equity managers to run a total of between £75 million ($123 million) and £250 million.