May 2024

Dutch fund PGB ups ESG ante for a livable world

PGB Pensioendiensten, pension provider for Pensioenfonds PGB (PGB), the Netherlands €32 billion industry-wide pension fund, has rewritten its sustainable investment strategy. Backstopped by a new purpose to invest in a “liveable world” it has positioned investing sustainably at the centre of its strategy rather than as an “afterthought.” “For us, sustainability is an inseparable part of all our investments. We make an integrated assessment between return, risk, costs, and sustainability with every investment,” states the pension fund. The recently published strategy is rooted...

ESG and sustainable finance – issues for pension schemes and their sponsors

By Travers Smith As understanding develops, pension schemes are being prompted to consider how ESG and wider sustainability factors may affect the financial performance of their investments, as well as their relationship with sponsoring employers.  In some cases, stakeholders are starting to enquire about levels of activism from their pension schemes in this area, often highlighting the wider economic and social role of pension funds as major asset owners.  Diversity and governance considerations are also attracting increasing focus. Get the report...

Green Pensions Guide. A short guide for organisations greening their money

By Make My Money Matter  All organisations from businesses to charities, from SMEs to global brands can play an important role in tackling the climate crisis. Sustainability policies have become an expected standard across all sectors and industries, yet one of the ways organisations can have the most impact is often missing from the picture. Their money. How our pensions are invested now will shape the future we’ll retire into. The companies causing irreversible climate damage like companies at the...

US. Calpers moots $25bn green private market investment

US public pension Calpers plans to invest more than $25bn (£19.8bn) into climate-related private market investments. Calpers is the biggest public pension in the US and the proposed investment would be one of the largest commitments by a major fund to unlisted climate assets. The pension fund is reported to be considering deploying capital in the private equity, real estate and infrastructure markets, with a particular interest in Asia and Europe. “Those are the ones [private market assets] that have very evident...

U.K. needs more favorable policies to retain leading status in sustainable finance — UKSIF report

After years of being a trailblazer in sustainable finance, the U.K.’s position is under threat amid stalled policy and a lack of certainty over regulation. Research by the U.K. Sustainable Investment and Finance Association, known as UKSIF, showed that more favorable policies could see up to £100 billion ($125.5 billion) in assets shifting into U.K. sustainable finance. The U.K. remains the top market for sustainable finance activity among 83% of those surveyed — but a clear direction of travel away...

APG’s Singapore CEO: Sustainable investing is taking centre stage

Sustainability considerations are being increasingly integrated into APG Asset Management's investment approach, according to Eric Van der Maarel, chief executive officer of APG Asset Management's Singapore branch. Amid evolving market conditions and a shifting economic cycle, such integration will foster resilience and diversification, Van der Maarel said at a panel discussion at AsianInvestor’s Investment Strategy Summit on May 7 in Singapore. "What you've seen over the past two years is that our priority in terms of maximising returns, and having a real sustainability footprint as...

UK. Seeing the wood for the trees: reinjecting meaning into sustainability reporting

IGG’s Tegs Harding takes a holistic view of sustainability reporting, incorporating nature-based and social factors as well as established climate issues. Step by step, we are seeing more people realise the power pensions have to play an integral role in securing a more sustainable future. Trustees are central to this by meeting their fiduciary duties towards members, including reporting and administrative requirements. Trustees of defined contribution (DC) schemes are responsible for ensuring their members get the best retirement outcome they can, which...

April 2024

Inversión Sostenible en Fondos de Pensión

Por María Noel Urban & Paula Rienz En el informe se aporta una mirada sobre la inversión sostenible como forma de buscar el equilibrio entre la rentabilidad y asegurar la sostenibilidad del futuro. El volumen de activos que manejan los fondos de pensiones les brinda un gran potencial para liderar la incorporación de criterios ASG (Ambiental, Social y de Gobierno Corporativo) en sus análisis de inversiones, elemento que es clave para apalancar el desarrollo de mercado de capitales local.  En...

UK. People’s Pension ramps up ESG expectations of asset managers

The People's Pension, Crawley, England, is expecting more from its asset managers when it comes to responsible investment. The £26 billion ($32 billion) multiemployer defined contribution plan said in an April 29 statement on its new responsible investment policy that at a minimum, fund managers are expected to have a commitment to net zero and adequate resources committed to stewardship. Failing to do so could trigger a review and possible transfer of assets to other managers, the U.K. master trust...

Canada. 73% of OPB plan members want ESG considerations included in investment decisions: survey

Roughly seven in 10 (73 per cent) Ontario Pension Board plan members believe environmental, social and governance factors should play a critical role in the plan’s investment considerations, according to a new survey included in the investment organization’s inaugural ESG report. The survey, which polled roughly 10,000 plan members, found nearly two-fifths (39 per cent) of respondents said environmental protection is one of their top investment considerations, as well as climate change (38 per cent), human rights (34 per cent) and...