Climate change – Page 65
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NewsUN Climate Summit: Asset owners commit to carbon neutral portfolios by 2050
Members of ‘Net Zero Asset Owner Alliance’ will set and publicly report on targets for the same points in time as countries do under the Paris Agreement
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Coal presence in climate funds ‘points to need for more ESG oversight’
InfluenceMap highlights 22 climate-themed funds with coal exposure, while State Street highlights ‘important nuances’ of climate-aware investing
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Responsible investment policies ‘could boost contributions by £1.2bn’
Franklin Templeton recommends schemes align with member values via better integration of responsible investment into DC strategies
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NewsClimate change: PRI develops ‘inevitable policy response’ forecast
The PRI has commissioned research forecasting the nature and financial impacts of a forceful and disorderly government response to climate change by 2025
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More UK trustees add support to climate charter
Industry forum has signed up 76 trustees and pension managers responsible for £367bn of assets in a bid to step up scrutiny of asset managers
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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
