June 2026

Heatwaves could ruin your pension, according to UK’s Pensions Professionals

Heatwaves are jeopardising retirement as extreme weather events threaten investment returns, the pensions industry has warned. Climate change is becoming a major risk for trillions of pounds in pension savings as increasingly unpredictable weather damages assets, disrupts supply chains and hits productivity, according to a report by the Society of Pension Professionals (SPP). Calum Cooper, the president of the SPP, said: "Put simply, you can't separate the future of pensions from the future of the economy. And you cannot separate the...

Ambition Under Pressure: Analytical Leadership vs. Strategic Hesitation

By Amy Owens The report, Ambition Under Pressure: Analytical Leadership vs. Strategic Hesitation, examines what the climate risk strategy of Norges Bank Investment Management (NBIM), manager of Norway’s Government Pension Fund Global, reveals about the way financial markets are pricing climate risk. It finds that NBIM has built one of the most advanced climate and nature risk frameworks among global asset owners. Its internal modelling goes beyond many market-standard tools, enabling the fund to assess systemic physical climate risk, climate-nature interdependencies...

Norway’s oil fund shows gap between climate risk insight and action

Norway’s oil fund, NBIM, has not applied its framework for measuring climate and nature risk into moving away from fossil fuels, a report from Carbon Tracker finds. The mismatch is due to a mandate limit, political expectations, and an increasingly uncertain global climate policy environment. The findings reveal the limits of voluntary investor action. Norway’s oil fund (NBIM) has developed one of the most advanced frameworks for measuring climate and nature risk, but it has yet to apply those...

Canada. Pension funds creating social infrastructure, but measurement of impact is required: ICPM

Pension funds can enhance society in a way that doesn’t have to interfere with their fiduciary integrity and financial sustainability, according to a new report from the International Centre for Pension Management. After working on a social infrastructure paper and a roundtable discussion, what at first seemed as a one-and-done presentation became an international working group at the ICPM, according to Gareth Gibbins, a pension and policy expert who co-authored the report and is a member of the working group. Social...

April 2026

Informe de Sostenibilidad 2025

Por XXI Banorte  El Informe de Sostenibilidad 2025 de Afore XXI Banorte es el vehículo apropiado para dar a conocer de manera voluntaria los impactos derivados de sus operaciones y de sus inversiones, en el medio ambiente, la sociedad y la economía, asi como la gestión de riesgos y oportunidades climáticas desde su rol como Administradora e inversionista. El Informe comprende la presentación de información del l de enero al 31 de diciembre de 2025 y se compone de 11 secciones....

Japan pension fund GPIF urges stronger stewardship to boost long-term returns

Japan’s Government Pension Investment Fund (GPIF) said on Friday it will step up expectations for external asset managers to strengthen stewardship activities, including deeper corporate engagement, as part of efforts to enhance long-term investment returns. Stewardship — including environmental, social and governance (ESG) considerations — would be pursued from the perspective of improving long-term returns, said the world’s largest pension fund, with about US$1.8 trillion in assets under management, in its 2025/2026 stewardship activities report, which outlined its approach for the five-year period through March...

Asia-Pacific Climate Report 2025: Unlocking Nature for Development

By Asian Development Bank Nature is a core economic asset in Asia and the Pacific, with around 75% of GDP directly or indirectly tied to nature through sectors like agriculture, fisheries, and tourism. Yet, nature remains largely invisible in economic planning. When ecosystems degrade, economies face higher health and disaster costs, reduced productivity, shrinking fiscal revenues, and weakened debt sustainability. The report highlights that ecosystem services—such as pollination, water purification, and climate regulation—provide multiple benefits, underpinning food security, public health, livelihoods...

The ESG Valuation Gap: A Comparative Study of Egyptian and Saudi Listed Companies

By Mawaheb Abdel-Aziz Ismail The study examines the value relevance of Environmental, Social, and Governance (ESG) disclosures and tests for crosscountry differences in its impact on perceived firm value between Egypt and Saudi Arabia. It specifically investigates whether ESG data provides incremental explanatory power beyond traditional accounting measures in determining stock prices in these two distinct MENA markets. The study employs a modified Ohlson (1995) valuation model using panel data from 2021 to 2024. The empirical analysis is conducted using...

El proceso de descarbonización y los retos de la protección social. El papel de la jubilación

Por María Susana Barcelón Cobedo Se parte de la idea de que el camino hacia la neutralidad climática conllevará de forma inevitable la supresión de muchos empleos, así como la expulsión definitiva del mercado de trabajo de determinados trabajadores. Concretamente, los de edad madura y de escasa cualificación, a los que no podrá exigirse, ni tendrán la capacidad para ello, una recualificación profesional para la que carecen de una base mínima de conocimientos. En este contexto los sistemas de protección...

March 2026

XXI Banorte. Reporte de Riesgos y Oportunidades Climáticas 2025

Por XXI Banorte  Este Reporte detalla los resultados del análisis de riesgos y oportunidades en materia de Cambio Climático de Afore XXI Banorte, incluyendo información sobre la gobernanza, la estrategia sobre las operaciones de la enfidad Administradora y el portafolio inversión, los avances en la implementación de nuestra estrategia climática y la senda de descarbonización bajo objetivos basados en ciencia, establecidos para alcanzar las emisiones cero, asi como un desglose de los resultados de desempeño alcanzados en el ejercicio fiscal...