Paris-aligned benchmarks boom but are they helping the transition? Part two
Asset owners are placing money in Paris-aligned benchmarks at a quickening rate but questioned whether they facilitate the transition. Michael Hurley reports
Investors target Volkswagen for climate lobbying
Seven European investors have co-filed a shareholder resolution with Volkswagen for "trailing behind its peers" to report its climate lobbying, after more than three years of dialogue with the car company.
Ground-breaking BlackRock public-private EM climate fund exceeds target
BlackRock has announced its flagship public-private financing Emerging Market (EM) climate infrastructure investment fund has raised more than $670 million...
$14trn investor group pushes for AGM vote on 'net zero' claims
A group of 53 investors with a combined $14 trillion of assets under management has called for new climate-related corporate governance measures, including an annual general meeting (AGM) vote on corporate 'net zero' transition plans.
AP2 divests fossil fuel firms amid EU Paris-alignment pledge
Swedish public pension fund AP2 will exit its equity and bond holdings in fossil fuel firms, in a push to become the first asset owner to align its portfolio with the EU Paris-aligned benchmark (PAB).
PRI to study ‘fundamental legal questions’ on impact investing
‘Fundamental legal questions’ surrounding impact investing will be the subject of a far-reaching study commissioned by the Principles for Responsible Investment (PRI).
Investors up pressure on mining companies to disclose
A group of investors with $10.3 trillion in assets has demanded that mining companies provide disclosures, within 45 days, on every tailings facility under their control.
AP4 phases out high-carbon emitting oil sands
The Fourth Swedish National Pension Fund (AP4) has divested from oil sands on the grounds of new Swedish legislation, and amended its investment policy accordingly.
IIGCC publishes climate scenario analysis guide
Investors who use scenario analysis will be better equipped to respond to early warning signs, such as a rising carbon price, and take more informed investment decisions as the low-carbon transition evolves.