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Sustainability

Wake up to wasted capital, stranded assets

Sobering new figures in the latest report to highlight climate risk should resonate with trustees more than usual. According to the second study from Carbon Tracker and the Grantham Research Institute on Climate Change and the Environment, part of the London School of Economics Unburnable carbon 2013: Wasted capital and stranded assets, between 60 and […]
Sarah RundellApril 24, 2013
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CalPERS’ sustainability initiative drives investment beliefs

Launched this week, CalPERS’ Sustainable Investment Research Initiative (SIRI) will drive the development the $250-billion fund’s first set of investment beliefs. While difficult to believe a fund of its size, reach and history could invest without a set of investment beliefs, it is encouraging to see that sustainability will be a core part of that […]
Amanda WhiteJanuary 30, 2013
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Fund “heads in sand” on climate risk

An Australian superannuation fund with A$6.6 billion ($6.9 billion) under management has achieved number-one ranking in a global survey of how the world’s top 1000 retirement funds, insurance companies and sovereign wealth funds are responding to climate risk. Sydney-based Local Government Super (LGS) has received the top ranking in the inaugural Climate Index of the […]
Lachlan ColquhounJanuary 9, 2013
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Report reveals Norway’s SWF climate risk

Norway’s 3496 billion kroner (US$582.7 billion) sovereign wealth fund could suffer significant losses in a range of climate-change scenarios if it fails to hedge its risk by investing in climate-sensitive assets, the release of a confidential report shows. Norway’s Ministry of Finance recently released an extensive study by asset consultant Mercer on the effects of […]
SAM RILEYMay 18, 2012
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DiNapoli: fund focuses on economic growth

Pension funds are “perpetual investors” and should promote long-term, sustainable economic growth through integrating environmental, sustainability and governance considerations into investment decisions, New York State Comptroller Thomas DiNapoli says.
SAM RILEYJanuary 18, 2012
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