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.
When it comes to their investment portfolio, 72 per cent of German institutional investors factor in sustainability criteria, according to the latest survey by Union Investment, encompassing 201 institutional investors in Germany with total assets in excess of €6trn.
The University of Cambridge has been engaged in a value added tax claim fight with British tax administration HMRC since 2009.
The Norwegian Ministry of Finance has given Norges Bank deadline of September 2019 to assess the execution of the phase-out of exploration and production companies from its €1trn Government Pension Fund Global (GPFG).
The companies, excluded from Norway’s $1 trillion wealth fund, for human rights violations and risk of environmental damage respectively, are back in the game.
The Crown Estate totalled a 4.9% return last year, due to acquisitions in central London and growth of its offshore wind business.
German group Allianz sells its 60% share in the joint-venture to the Spanish financial group.
For the very first time, Mercer conducted an asset allocation survey in growth markets, focusing on corporate, government and mandatory pension schemes.
Caisse des Dépôts has purchased 700,000 Euronext shares.
The Norwegian parliament has given green light to the Government Pension Fund Global for €5.1bn divestment.