Climate crisis Archives - Page 18 of 34 - Pension Policy International

26AprApril 26, 2023

Pension fund PGGM warns on dangers of social greenwashing

The principal director for responsible investments at PGGM Investments, the investment manager for the €277 billion ($306 billion) Dutch pension fund, has pointed to the continued challenges associated with measuring the social impact of investments, highlighting the reputational dangers of social greenwashing. “You encounter liberal definitions. There is some inflation in the terms that we want to be very cautious about. You don’t want to overstate [investors’] social contributions,” said Hans Op’t Veld, principal director for responsible investments at the...

April 26, 2023

NewsClimate crisis, ESG, Investment

24AprApril 24, 2023

UK. BP facing green rebellion at annual shareholder meeting

BP faces a green rebellion at its annual shareholder meeting on Thursday as some of Britain’s biggest pension funds prepare to demand the company toughen its plans to reduce its emissions by 2030. The National Employment Savings Trust (Nest), which represents about 11m individual workplace pensions, plans to back a resolution put forward by climate campaigners at Follow This, which calls for BP to align its emissions reduction plans with the Paris agreement. The campaign group has also won support from...

April 24, 2023

NewsClimate crisis, Investment, UK

13AprApril 13, 2023

UK. Government body calls on London pension fund to divest fossil fuel holdings

Transport for London Pension Fund, London, should divest its holdings in fossil fuel companies and develop an annual report on performance against net-zero targets, according to calls by a London governmental body. The Greater London Authority committee, which oversees the London Pensions Fund Authority and TfL Pension Fund, launched an investigation as part of a review into its pension funds' investments and costs. The pension funds had about £22 billion ($27.1 billion) in combined assets as of March 31, 2022. In...

April 13, 2023

NewsClimate crisis, ESG, Investment, UK

29MarMarch 29, 2023

Why all policies, including pension reform, must consider climate change

“Retrait, climat, même combat,” shouted protesters during the demonstrations taking place across France this past weekend against President Emmanuel Macron’s planned, and much opposed, reform of his country’s pension regime. For these protestors, retirement and climate change are all part of the same problem, the same fight. “No retired people on a burnt planet,” they insisted. The impacts of a warming planet on the world of work are absent from the French government’s plans, yet extreme weather conditions, in particular...

March 29, 2023

NewsClimate crisis, ESG, Pension Reform

17MarMarch 17, 2023

Pension Funds and Sustainable Investment: Challenges and Opportunities

By P. Brett Hammond, Raimond Maurer, and Olivia S. Mitchell Pension Funds and Sustainable Investment: Challenges and Opportunities responds to rising global interest in environmental, social, governance (ESG), and impact investing to generate positive impact while generating financial return. Contributors explore the pros and cons of pension ESG investments and discuss case studies from the US and around the world. The findings will interest researchers, management/advisory firms, financial advisors, asset owners, and policymakers Read book here

March 17, 2023

Books, Books, Investment, Pension Management2023, Climate crisis, ESG, Investment, Pension Management

17MarMarch 17, 2023

The Importance of Goals-based (and Values-based) Liability Indices: Applied to Impact and Green Investing

By Arun Muralidhar, Roland van den Brink, Patrick Groenendijk & Ronald van der Wouden Investors are creating portfolios that align with their specific goals and values. We posit that goals and values should be translated into Goals-based Liability Indices (“GLIdes”). GLIdes can be used to achieve goals, benchmark the asset portfolio, and improve governance.They allow Boards to measure progress to their overall (or multiple) goal(s) and also the relative risks of their investment policies and implementation. We first introduce the...

March 17, 2023

Articles, Investing2023, Climate crisis, Pension Management

02MarMarch 2, 2023

EU publishes standards to fight greenwashing in green bonds

European Union lawmakers agreed a new standard for companies issuing green bonds in an effort to help fixed-income investors avoid greenwashing. The European Parliament and the Swedish presidency, in its role as representative for EU leaders, agreed requirements for companies that issue green and sustainable bonds as part of their transition to a low-carbon economy. The European Green Bonds Standard will help investors and managers to ensure they are investing in sustainable technologies and businesses, the European Parliament said in a...

March 2, 2023

NewsClimate crisis, ESG, EU, Regulation

20FebFebruary 20, 2023

Tech Opportunities In Climate Change And An Aging Population

Tech opportunities in areas like 5-G, cloud computing, healthcare, and finance took up the last posting. This one examines opportunities in meeting two huge issues facing the world’s economies: the growing number of older retirees in populations and the big kahuna of climate change. Seldom do all the answers to these or any other problems lie in technological solutions, but tech certainly will have a role to play and a prominent one. The growing proportion of older people in the population...

February 20, 2023

NewsAging, Climate crisis, Technology

25JanJanuary 25, 2023

UK pension schemes search out forestry investments

Nest and Cushon, two UK pension schemes with combined assets of more than £26bn, are in a joint search for asset management partners to develop new forestry investment strategies to address climate change pressures. Both pension schemes believe that allocating money to forestry projects will offset environmentally damaging emissions from other investments and deliver attractive returns as the price of carbon rises to reflect the increasing costs of pollution by human activity. The schemes have set aside an initial £600mn for...

January 25, 2023

NewsClimate crisis, Investment, Pension Management

14DecDecember 14, 2022

Climate change could cost pension funds billions, EU watchdog says

Pension funds across the European Union would lose billions of euros from their investments in polluting industries without action to mitigate the impact of climate change, the bloc's first stress test of its kind showed on Tuesday. The European Insurance and Occupational Pensions Authority (EIOPA) said its test covered 187 pension funds from 18 EU member states with more than 1.98 trillion euros ($2 trillion) of assets, or 65% of assets in defined benefit and defined contribution schemes. The funds were...

December 14, 2022

NewsClimate crisis, EU, Investment

April 2023

Pension fund PGGM warns on dangers of social greenwashing

UK. BP facing green rebellion at annual shareholder meeting

UK. Government body calls on London pension fund to divest fossil fuel holdings

March 2023

Why all policies, including pension reform, must consider climate change

Pension Funds and Sustainable Investment: Challenges and Opportunities

The Importance of Goals-based (and Values-based) Liability Indices: Applied to Impact and Green Investing

EU publishes standards to fight greenwashing in green bonds

February 2023

Tech Opportunities In Climate Change And An Aging Population

January 2023

UK pension schemes search out forestry investments

December 2022

Climate change could cost pension funds billions, EU watchdog says