Climate change – Page 62
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PFA sheds Chinese coal stocks in latest climate purge
Danish fund divests seven companies and puts another seven under observation as part of its semi-annual portfolio climate review
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NewsClimate change: PKA chief urges business backing for €1.6trn investment push
Also: Companies must improve climate change reporting, says UBS; Candriam seeks to offset carbon emissions from asset management operations
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Amundi teams up with Asian infrastructure bank for $1bn climate bond fund
Also: AXA IM launches impact fund focused on Asia, Africa and Latin America; NN IP green bond fund reaches €1bn
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UK, Danish pension funds file lobbying resolution against BHP
CEPB and MP Pension among major institutional shareholders demanding that the mining giant abandons lobby groups that operate at odds with the 2015 Paris Agreement on climate change
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NewsMP Pension blacklists oil companies including Shell, BP and Exxon
The Danish academics’ pension fund has analysed the sector and decided to divest stocks worth €86m – and bonds could follow
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Joseph Mariathasan: Climate change and central banks
The debate over climate change is certainly heating up – both metaphorically and literally – and could have a profound impact on how central banks behave
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Bonus eyes climate risks with fresh investment approach
The €1.5bn Austrian multi-employer scheme is setting up a fund-of-funds structure it believes will help improve the transparency of climate-related risks
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LGPS advisory board pursues ESG-related guidance updates
Scheme advisory board wants to make sure legal framework for LGPS does not lag that for other pension schemes
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NewsBlackRock accused of ‘myopic’ fossil fuel investment
Think tank claims world’s largest asset manager has failed to protect investors but BlackRock challenges methodology and findings
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NewsFRR launches ESG portfolio analysis searches and updates RI policy
Responsible investment strategy for 2019-23 includes aligning portfolio with 1.5-2°C warming trajectory and defining an ‘extra-financial risk budget’
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Moody’s makes buy-side fintech, climate risk acquisitions
RiskFirst is known for its platform for defined benefit pension plans, while Four Twenty Seven specialises in climate risk data and analysis
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£22bn UK pension fund ‘should divest from fossil fuels now’, say protesters
Campaigners gather outside Greater Manchester Pension Fund’s office, but scheme argues it is already ‘working hard’ to achieve climate risk goals
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NewsFrance’s ERAFP keeps its eye on portfolio diversification
The €30bn pension fund is seeking to shift investments towards equities, private equity, real estate and infrastructure
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NewsPensionDanmark, Industriens return to PRI after 2013 spat
All six Danish pension funds that exited the PRI six years ago have now returned as signatories in the wake of a governance review
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NewsLocal authority fund shifts £500m into low-carbon index tracker
Swansea Council’s £2.1bn pension fund wants to reduce its exposure to carbon-intensive companies and fossil fuel investments by up to 50% by 2022
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Nordea Life & Pension Sweden makes €2.1bn sustainable investment shift
Swedish pension provider says move halved the portfolio’s carbon footprint
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NewsResearch on corporate climate action an ‘urgent challenge to investors’
Research conducted for asset owner network finds that seven in eight companies not cutting carbon emissions at the rate required to keep global warming below 2°C
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Amundi and EIB partner to develop European green credit market
Agreement includes creation of a diversified fund investing in green high yield corporate bonds, green private debt and green securitised debt
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NewsUK minister ups the ante on pension funds and climate change
Guy Opperman tells London Climate Action Week gathering that pension funds ‘must play a massive role’ in getting the UK to net-zero greenhouse gas emissions by 2050
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Interview: Rhian-Mari Thomas, Green Finance Institute
As part of London Climate Action Week the UK government has launched the Green Finance Institute, led by Barclays’ former green banking chief Rhian-Mari Thomas
