January 2025

Dimensión ambiental de las finanzas sostenibles en América Latina: lecciones para Bolivia

Por Luis Gonzales Carrasco Bolivia se ve desafiado por los temas globales y por sus necesidades locales. En este documento se busca aprender de las lecciones de la región en el tránsito de los últimos 12 años de finanzas sostenibles. Para ello se revisa la base de datos del Fondo Monetario Internacional sobre bonos verdes y se obtienen las lecciones de Chile, Brasil y México, que son los mayores emisores de bonos verdes en la región. Se identifican tres grupos...

Sustainable finance is braced for its toughest year yet

Before most investors had even returned to the office after the Christmas break last week, it became clear that sustainable finance is in for another rough year. On Thursday, Morgan Stanley became the latest big name to abandon the private sector’s main climate group, the Glasgow Financial Alliance for Net Zero (GFANZ). GFANZ, as it’s more commonly known, was set up to help its 700+ members work out how to develop the right targets, accounting metrics and investment strategies to achieve...

December 2024

Finanzas Sostenibles y Agenda 2030: invertir en la transformación del mundo

Por Red Española del Pacto Mundial Paper cuyo objetivo es servir de instrumento de difusión para involucrar a empresas y organizaciones en las finanzas sostenibles, así como para visibilizar las acciones que ya se están llevando a cabo por parte de relevantes entidades españolas en esta materia. Se trata de una actualización del publicado en 2020, que incluye la evolución de este mercado de inversión en los últimos años y la implicación de las empresas en este sentido, además de...

US. Indiana to Replace BlackRock in Pension Funds Due to ESG Investing Policies

The Indiana Public Retirement System (INPRS) voted to replace BlackRock as a manager in its portfolio, due to the investment giant’s alleged use of ESG investment policies and its engagement using “an ESG focused agenda.” In a press release from Indiana State Treasurer Daniel Elliott, who also serves as a member of the INPRS Board of Trustees, Elliott said lauded the board’s decision to remove BlackRock, describing the firm as an “ESG violator.” Elliott said: “Today, I and other INPRS board members...

OECD Pensions Outlook 2024: Improving Asset-backed Pensions for Better Retirement Outcomes and More Resilient Pension Systems

By Organisation for Economic Co-operation and Development Over the past two decades, asset-backed pensions have become a key pillar of retirement systems, with assets more than tripling to over USD 56 trillion in 2023. These pensions diversify resources for financing retirement and complement pay-as-you-go systems, enhancing resilience to economic shocks and demographic challenges. Their robust design, regulation, and supervision are important for delivering strong retirement outcomes. The 2024 OECD Pensions Outlook provides a valuable resource for policymakers, regulators, and stakeholders, providing comprehensive analysis...

November 2024

Largest US pension fund CalPERS over halfway to $100B climate investment goal

The California Public Employees’ Retirement System is more than halfway to its goal of investing more than $100 billion in climate solutions, the pension fund announced last week. CalPERS, the largest pension fund in the nation, said it had invested $53 billion in climate solutions, a year after it set the $100 billion target, according to a Nov. 18 press release. While the climate solution funding goal is part of CalPERS’s 2030 sustainable investing strategy, some of its beneficiaries...

Danish pension fund targets Asian clean energy bets

By Hugo Cox   PensionDanmark, Denmark’s $51 billion pension fund, has identified clean energy solutions, including many in Asia, as its number one sustainability priority for 2025. It is aiming to build on existing direct allocations in the region, which include wind and solar projects in India, South Korea, Vietnam and Taiwan. “We are now heavily involved in green energy infrastructure development projects throughout the region," Jan Kæraa Rasmussen, head of ESG and sustainability at PensionDanmark in Copenhagen told AsianInvestor. "It’s a very important market...

2024 Top 40 Money Managers Report: To divest or engage?

By Blake Wolfe With 15 different client organizations, including nine public sector pension plans, the Alberta Investment Management Corp. has opted to engage, rather than divest, from certain investments, particularly those in the energy sector. “One of the things we were very clear on, both for ourselves and in talking to clients, is that divestment wasn’t the way we wanted to go,” says Carmen Velasquez, the investment organization’s managing director of sustainable investing. “One of the things we talk a lot...

The evolving climate change investing strategies of asset owners

Asset owners who control substantial capital in the financial system through pension funds, endowments, foundations, and individual holdings can play a crucial role in driving investments in climate change mitigation, according to a new Yale School of the Environment study. The study, led by Emil Moldovan ’24 MESc, found that owners of large asset portfolios are recognizing the need to consider the environmental impacts of  investment decisions and aligning portfolio goals with global efforts to limit climate change. However, perceived...

October 2024

US. State treasurer elections to impact pension funds, auto IRA programs and ESG

Though most attention is on the presidential race this election season, several state treasurer races could determine the future of pension funds and other retirement programs for Americans all over the country. Many of those vying for the office of state treasurer are focused on improving their states’ pension funds, while other candidates hold conflicting views over state auto IRA programs — programs that create a retirement plan for those whose employers don’t offer one. In a handful of states,...