October 2022
03Oct

Integrating sustainability in DC pensions

Workplace pensions are an integral part of the social infrastructure in our society, and most workplace pensions are now defined contribution schemes (DC). In contrast to the defined benefit (DB) world, there is no sponsor underwriting scheme risks and no Pension Protection Fund to fall back upon; massive responsibilities rest upon the shoulders of scheme trustees. A further important differentiating factor is the relative maturity of the two markets. Today’s active contributors to DC schemes are likely to be still...

October 3, 2022
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September 2022
28Sep

México. Las afores deberán capacitar a su personal en materia de ASG

La Consar publicó en el Diario Oficial de la Federación que las afores ya tienen la obligación de contar con un programa de capacitación contínua para su personal en materia de los principios Ambientales, Sociales y de Gobernanza (ASG). La Comisión Nacional del Sistema del Ahorro para el Retiro (Consar) publicó en el Diario Oficial de la Federación (DOF) que las administradoras de fondos para el retiro (afores) ya tienen la obligación de contar con un programa de capacitación contínua...

September 28, 2022
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27Sep

Expert investors believe sustainable investing is most likely to drive long-term returns

This is among the sustainability-focused findings of Schroders’ Global Investor Study 2022, which have been revealed today. “Expert” investors are more likely to believe that investing sustainably is key to driving long-term returns compared with their peers who rate themselves as less knowledgeable, research by Schroders has found. The finding is from Schroders’ Global Investor Study 2022, the bellwether annual survey which highlights trends based on the answers and opinions of more than 23,000 investors in 33 locations. Data was...

September 27, 2022
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22Sep

UK Pension Schemes Under Pressure for Climate Impact Reporting

The mid-sized and smaller pension schemes in the UK are under tighter rules as new reporting regulations are requiring more detailed information. The UK has been one of the fastest countries to adopt the Taskforce on Climate-related Financial Disclosure (TCFD) reporting requirements into law. This covers corporates, regulated financial institutions, and pension schemes. Large pension schemes in the country have to report climate risks in line with TCFD guidance since last October. This is also part of the Occupational Pension Schemes...

September 22, 2022
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19Sep

US. Delivering on Sustainability in the Institutional Markets

Clear intentions and transparent actions support ESG alignment with institutional clients To ensure durability and sustainability in the institutional markets, all participants — from clients to asset managers, financial professionals and solution providers — should adopt both financial and environmental, social and governance (ESG) objectives with a long-term view. With many institutional investors using an ESG lens when they select and work with asset management and financial firms, they are interested both in how their asset managers incorporate ESG investing...

September 19, 2022
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15Sep

US. State treasurers, NYC react to ESG backlash

An open letter signed by 13 state treasurers and New York City's comptroller Wednesday takes aim at what they call the "political backlash" against ESG investing by public pension and related funds. "Several states in our country have started blacklisting financial firms that don't agree with their political views," said the letter signed by state treasurers from California, Colorado, Delaware, Illinois, Maine, Massachusetts, Nevada, New Mexico, Oregon, Rhode Island, Vermont, Washington and Wisconsin, and New York City Comptroller Brad Lander,...

September 15, 2022
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15Sep

UK. CDC and ESG: A truly long-term game

This summer’s introduction of collective defined contribution pension schemes was a watershed moment for the industry. With the rules now laid out and the first scheme — Royal Mail — expected to be launched imminently, attention is turning to scheme design, and in particular investment portfolios. With environmental, social and governance factors now firmly at the centre of pension fund investment, many proponents of CDC believe that it is perfectly positioned to progress the responsible and sustainable investment cause to the...

September 15, 2022
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14Sep

Florida pension fund report shows support for ESG proposals, including at Exxon

Pension fund supported more than 40% of social-related proposals amid anti-ESG resolution Florida State Board of Administration, Tallahassee, voted in favor of more than 40% of social-related shareholder resolutions and nearly 30% of environmental-related shareholder resolutions during the fiscal year ended June 30, according to a report included with materials for the board's investment advisory council on Tuesday. The board, which oversees $228 billion in assets including the $180 billion Florida Retirement System, supported 50.1% of shareholder-proposed ballot resolutions at Russell...

September 14, 2022
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13Sep

How ESG investing got tangled up in America’s culture wars

A growing number of Republican politicians are moving to penalize Wall Street investors who consider environmental, social and governance (ESG) issues when they decide where to put clients' money. In Florida, a state board chaired by Gov. Ron DeSantis recently barred investment fund managers and advisors from considering "social, political, or ideological interests" when making decisions for Florida's retirement system. In Texas and West Virginia, GOP leaders say they will block investors from state business who they claim "boycott" the...

September 13, 2022
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05Sep

US. ESG, CIOs on crash course with politics

How 'woke' a public pension plan portfolio is depends on which state it's located in As executives and trustees of public pension plans navigate the balance between political demands and fiduciary duties, they are encountering legislators and governors to the right and the left telling them what they must do or cannot do, but without offering much guidance on how to do it while still setting deadlines for action. Often depending on the political color of the state, public pension executives...

September 5, 2022
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