The Établissement de Retraite additionnelle de la Fonction publique (ERAFP), the first French public pension fund, will be divesting from companies whose turnover from thermal coal-related activities exceeds 10% of the turnover.
A group of 12 institutional investors have set a quantified goal – to make their portfolios carbon neutrality by 2050.
The Danish pension industry will invest more than €46bn in green transition by 2030, with investments in energy infrastructure and other sustainable initiatives such as green stocks, green bonds and energy efficient construction.
The Federation of Russia has set budget objectives for the 2020-2022 period.
Despite the increasing interest in responsible investing, the tangible action remains abysmally low, with merely 16% investing sustainably.
In a major push for corporate action against deforestation, 230 investors with $16.2trn in assets under management, asked companies to tackle financial material deforestation risks.
Low costs are the main reason exchange-traded funds have been such a hit, a JPMAM study finds.
Private capital has never been given such an important role in tackling climate change and de-carbonising the economy. As Philippe Le Houérou, CEO of International Finance Corporation (IFC), says, the private sector “holds the key,” noting that it “has the innovation, the financing and the tools.”
On the occasion of PRI in Person conference in Paris, Novethic has released the findings of a survey on 228 major European investors who are PRI signatories.
Sharon Hendricks, Chair of CalSTRS (California State Teachers' Retirement System), revealed that divestment is not on the cards right now for the pension fund.
The mandate carries an ESG profile.
