January 2022

The Sustainable Finance Policy Tracker

By OMFIF The Sustainable Finance Policy Tracker provides a comprehensive overview of different countries’ approaches to mitigating climate risks in the financial sector. Covering 22 countries and jurisdictions, the tracker presents information on 14 areas that include regulatory and supervisory measures, climate stress testing activity, net zero strategies, green bond issuance and disclosure requirements. On the interactive map, use the drop-down menu to select indicators. Scroll over the map to view more information. On the country directory, select a country or jurisdiction to...

Development an optimization plan for redistributing pension assets applying information technologies

By Svitlana Achkasova & Yevheniia Malyshko The issue of the significance of the role of information technologies in the pension system was highlighted. The information and communication model of the state regulation of financial support of the pension system in the market of non-banking financial services was considered. The essence of information and communication support of the risk-oriented approach to the system of accumulative pension provision, which involves preventing the information and technological probability of risks, was explored. The issues...

Commentary: China and ESG — a delicate balance

China and sustainable investing are two of the most important growth drivers for the asset management industry. So far, fund managers have pursued these two efforts in splendid isolation, without worrying about how activism at home might affect business in China. We expect this partition of affairs won't be sustainable for much longer. China represents the single most attractive new growth region for asset managers. It is already the second-largest market (after the U.S.) for asset management services: By year-end...

Taiwan fund to issue $2.3 bln climate change pension mandate, Asia’s first -official

Taiwan's largest pension fund is set to issue what a top official said is Asia's first climate change-focused stock mandate, worth $2.3 billion, amid mounting pressure for the global financial sector to support green investing. The open-tender bidding process for asset managers seeking to be involved in the Bureau of Labor Funds mandate will commence in the first quarter of the year, Liu Liju, deputy director general at the fund, told Reuters in an interview. The fund has Taiwanese $5.5 trillion...

ESG Investing Is Not Sustainable Investing

There’s a lot of confusion in the marketplace regarding ESG (Environmental, Social, Governance) and Sustainable, sometimes known as SRI (Sustainable, Responsible, and Impact) investing. Many people think the two terms are interchangeable – I’m here to tell you that they aren’t. Blackrock BLK +0.4%, Vanguard, and other big investment houses are simply capitalizing on the growing interest in values-aligned investing. In fact, they have invested a significant amount of money in marketing ESG to have you believe that they are...

Markers of impact that investors will be watching in the year ahead

There’s no permission required, no excuses accepted, and no better time for impact investors to step up to leadership. The pathways to climate solutions are clear, the returns on inclusion immense. To be sure, government leadership can accelerate deployment, but the case for private investment is more than compelling. ImpactAlpha’s team of reporters and editors has counted down nearly two dozen markers of impact across our core coverage areas.   The Reconstruction in 2022 No. 22. A bottom-up and top-down mobilization to rewrite...

Private climate investment needs to get intentional about gender and equity — here’s how

By Suzanne Biegel The private capital committed by members of the Glasgow Financial Alliance for Net Zero (GFANZ) has the potential to transform climate investments. Yet climate investment decision-makers don’t reflect the diversity we need for a just transition. They are therefore likely to overlook the women outside of their networks driving many solutions. Read also ESG Investing Is Not Sustainable Investing This is true in both developed and developing markets. Growing research shows that having more women in decision-making positions results...

December 2021

Pension And Sovereign Wealth Funds Eye Crypto As Regulators Focus On A Global Crypto Framework

Nothing indicates the ascendance of an asset in the financial system more than a pension fund investing in it. It is the ultimate signal of arrival. The Houston Firefighters’ Relief and Retirement Fund (HFRRF) announced in 2021 that it was investing $25 million in bitcoin, the first time a U.S. pension fund invested in cryptocurrencies. The HFRRF investment is in collaboration with NYDIG through a customized private fund managed by NYDIG, the cryptoasset manager that just completed a $1 billion...

ETF investors want impact with ESG allocations, survey finds

Investors are aligning themselves with the United Nations Sustainable Development Goals (SDGs) when allocating to ESG, according to a survey conducted by ETF Stream and Amundi. The survey of 105 investors across Europe, which featured in a report of initial findings titled ETF Scan: The Big Picture, found 35% of respondents said they want ESG exposure linked to either impact or the 17 SDGs, the most across all responses. This highlights the use case for thematic ETFs which can offer targeted...

Choice Overload? Participation and Asset Allocation in French Employer-Sponsored Saving Plans

By Marie Briere, James M. Poterba & Ariane Szafarz This paper employs administrative data from one of the largest plan providers in France to investigate the role of plan and default characteristics in affecting whether employees participate in the plan and whether they accept its default investment option. The dataset includes information on the saving choices of 680,392 active employees at 1,610 firms. French employers have wide discretion in structuring employee saving plans. All plans must offer medium-term investments, which...