Climate crisis Archives - Page 21 of 34 - Pension Policy International

10JunJune 10, 2022

UK. BMW disputes inclusion on Make My Money Matter net zero target list

BMW has contested its inclusion on a list of the UK’s 20 largest pension schemes to have allegedly not set net zero targets. The roster, compiled by Make My Money Matter, covers schemes with more than £200bn of assets under management, the campaign said. “Investments this size potentially enable 24mn tonnes of carbon to enter our atmosphere every year,” it claimed. The campaign said that it has been contacting the schemes for a year. They are a mix of corporate and...

June 10, 2022

News2022, Climate crisis, Corporate Governance, UK

01JunJune 1, 2022

The Rise Of Green Pension Funds

This marks another milestone in the pressure to be ‘green’ when investing. Scheme members are already expecting to see a responsible investment approach from their managers, adding to the pressure for trustees to produce a coherent and measured sustainability strategy. These disclosures will further fuel a movement towards responsible pension investing. In July 2021, pensions minister Guy Opperman described climate change in no uncertain terms, as a “major systemic financial risk and threat to the long-term sustainability of UK private...

June 1, 2022

News2022, Climate crisis, Corporate Governance, ESG

19MayMay 19, 2022

People and Investor Attention to Climate Change

By Mauro Aliano, Franco Fiordelisi, Giuseppe Galloppo & Viktoriia Paimanova This paper empirically studies whether people and investors globally really see climate change as a major threat, as defined by United Nations Framework Convention on Climate Change. Our identification strategy aims to investigate two research questions: (1) whether people attention to Climate Change varies depending on local natural disasters and (2) how does the climate change attention affect the stock price of local firms and, thus, the investors’ trading behavior....

May 19, 2022

Articles, Investing, Savings2022, Climate crisis, Corporate Governance, Pension design

19MayMay 19, 2022

US. DoL Urged to Help Pension Plans Make Climate Impact

US pension plans should be required to disclose sustainable investment policies, according to the US Impact Investing Alliance. The alliance has called for mandatory action by the Department of Labor (DoL) in response to a request for input on potential new climate-related rules. It said providers of 401(k) pension plans should be subject to requirements to address the financial risks and impacts of climate change. In a letter to the DoL, Fran Seegul, president of the US Impact Investing Alliance, cited research...

May 19, 2022

News2022, Climate crisis, Regulation, US

17MayMay 17, 2022

US. Trade groups say DOL shouldn’t single out climate risk

Two high-profile trade associations have cautioned the Department of Labor from issuing new climate-specific regulations for retirement plan fiduciaries. The Labor Department in February issued a request for information on what it should do to "protect retirement savings and pensions from risks associated with changes in climate." The RFI follows a May 2021 executive order from President Joe Biden that directed federal agencies to assess and mitigate financial risks related to climate change. The RFI featured a host of questions on...

May 17, 2022

News2022, Climate crisis, Regulation, Risk, US

13MayMay 13, 2022

Are pension funds transparent enough about their investments?

The latest report from the UN’s Intergovernmental Panel on Climate Change, published in April 2022, made clear that the window for preventing the worst of climate change is closing fast. Plans already in place are not enough to limit global warming to 1.5C above pre-industrial levels, said the report, and more must be done to accelerate the energy transition. These efforts will require huge levels of capital. The UN has estimated that $90trn in infrastructure investment alone is needed by...

May 13, 2022

News2022, Climate crisis, Corporate Governance, Investment, Pension design

12MayMay 12, 2022

Pensions and the green transition: policy and political issues at stake

By David Natali, Michele Raitano & Giulia Valenti Pension policy has gone through an intense period of reform over the past few decades. However, further changes are likely to take place in the near future. Major global trends, not only population ageing but also globalisation, technological innovation and climate change, are going to shape socioeconomic and labour organisation and influence macroeconomic trends and will thus have an impact on the adequacy and long-term sustainability of pension policy. This paper focuses on...

May 12, 2022

Books, Investment, Pension Management2022, Aging, Climate crisis, Corporate Governance, ESG

12MayMay 12, 2022

UK. 60% of pension funds don’t expect to meet net zero goals

Sixty per cent of a group of large pension funds across North America, Europe and Australasia believe they will fail to achieve their net zero goals under current conditions, new research has revealed. This pessimistic outlook — disclosed by Create-Research, which surveyed 50 large funds that collectively manage €3.3tn (£2.9tn) in assets — comes despite more than half of those surveyed having either already embedded or are in the process of incorporating net zero strategies into their portfolios. The findings will...

May 12, 2022

News2022, Climate crisis, Corporate Governance, UK

05MayMay 5, 2022

Using dollars for change. Seven key insights into impact investing for 2022 and beyond

By FIDELITY Charitable Impact investing is the practice of making purposeful investments that generate financial returns, while also helping to achieve social or environmental benefits— exemplifying the idea of “doing well while doing good.” The idea of linking one’s investments and values has become increasingly popular in recent years, particularly as there are generational shifts in wealth from Baby Boomers to Gen Xers and Millennials. Younger generations bring a new mindset to their everyday decisions—seeking to align their choices with their...

May 5, 2022

Books, Investment, Reports2022, Climate crisis, ESG, Millennials, Pension design

28AprApril 28, 2022

The New Corporate Governance

By Oliver D. Hart & Luigi Zingales In the last few years, there has been a dramatic increase in shareholder engagement on environmental and social issues. In some cases shareholders are pushing companies to take actions that may reduce market value. It is hard to understand this behavior using the dominant corporate governance paradigm based on shareholder value maximization. We explain how jurisprudence has sustained this criterion in spite of its economic weaknesses. To overcome these weaknesses we propose the...

April 28, 2022

Articles, Investment, Pension Management2022, Climate crisis, Corporate Governance, Equality, ESG, Yields

June 2022

UK. BMW disputes inclusion on Make My Money Matter net zero target list

The Rise Of Green Pension Funds

May 2022

People and Investor Attention to Climate Change

US. DoL Urged to Help Pension Plans Make Climate Impact

US. Trade groups say DOL shouldn’t single out climate risk

Are pension funds transparent enough about their investments?

Pensions and the green transition: policy and political issues at stake

UK. 60% of pension funds don’t expect to meet net zero goals

Using dollars for change. Seven key insights into impact investing for 2022 and beyond

April 2022

The New Corporate Governance