CalSTRS sets 2030 emissions goal
Dedicated impact mandate for pensions 'could be key' to growth of market
Requiring pension funds to set aside a small part of their portfolio to invest for positive impact could help grow the market while still satisfying trustees' fiduciary duties, a webinar hosted by Environmental Finance heard. Michael Hurley reports.
CalSTRS commits to net zero by 2050
The California State Teachers' Retirement System (CalSTRS) will target net-zero emissions across its investment portfolio by 2050
CA100+ ups pressure on corporates to align lobbying with Paris Agreement
Institutional investors with a combined $6.5 trillion in AUM have issued "urgent" demands to 47 of the largest US-based corporate greenhouse gas (GHG) emitters to disclose their climate lobbying practices.
Investors urge Federal Reserve to tackle climate risk
Investors with nearly $1 trillion in assets under management have signed a letter to US Federal Reserve chairman Jerome Powell demanding action to address climate change as a systemic financial risk.
Mark Carney launches climate disclosure initiative with London Stock Exchange
Former Bank of England governor Mark Carney and the London Stock Exchange plan to establish a global coalition of stock exchanges supporting climate disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Winners revealed in Environmental Finance's Bond Awards 2020
Environmental Finance's Bond Awards were expanded again this year to reflect the growth and evolution of the green, social and sustainability (GSS) bond markets and to include the nascent GSS loan market.
CalSTRS reveals 'carbon budget' data as part of climate-risk report
A major US pension provider has announced its investment portfolio has used over two-thirds of its allowed 'carbon budget' to contain global temperature rises to 2°C by the end of the century.
One fifth of CalPERS portfolio is highly exposed to climate risk
The largest public pension fund in the US has reported that a fifth of its portfolio is among those sectors most exposed to climate change risks.