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People moves: World Bank, BlackRock, IIGCC, Partners Group, Greencoat, PRI, SASB, US SIF, Osmosis and Grantham Institute
14 January 2019The World Bank has launched a search for a new president after Jim Yong Kim announced he would leave his role three years earlier than expected, to become a partner at Global Infrastructure Partners.
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Set climate targets, power sector told by investors with $11trn in assets
20 December 2018Twelve of Europe’s highest-emitting power companies have been instructed to set out Paris-aligned transition plans by a group of investors with $11.5 trillion in assets under management (AUM), as they warn of the ‘potentially catastrophic’ effects of climate change.
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Investors welcome EU's plans to be carbon neutral by 2050
30 November 2018Investors have welcomed the EU Commission's plans to be carbon neutral by 2050.
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IIGCC publishes climate scenario analysis guide
22 November 2018Investors 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.
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Pension funds grill major companies on climate lobbying
29 October 2018A group of more than 50 major companies have been challenged on their approach to climate lobbying by investors with assets of about $2 trillion.
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People Moves: CalSTRS, BNP Paribas, ERAFP, GWEC, FC4S and Cornerstone
26 October 2018Kirsty Jenkinson has been appointed as director of corporate governance at the California State Teachers' Retirement System (CalSTRS) and replaces Anne Sheehan, who retired in March.
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Asian asset owners and managers flagged for poor TCFD reporting
26 October 2018Asset owners and asset managers in Asia are lagging far behind their regional peers in disclosure, a report examining the adoption of the Task Force on Climate-related Financial Disclosures (TCFD) has found.
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People moves: IOSCO, London Stock Exchange Group, Simmons & Simmons, UBS
19 October 2018Peter Damgaard Jensen has been appointed as co-organizer of the newly founded Global Commission on Adaptation. Damgaard Jensen also acts as CEO of Danish pension scheme PKA and chair of the Institutional Investors Group on Climate Change (IIGCC), an investor association taking action to support a low-carbon future.
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Fiduciary duty proposal of EU Action Plan could unleash sustainability shift
18 October 2018Plans to reform definitions of investors' duties are the most important part of the European Commission’s Sustainable Finance Action Plan, Environmental Finance’s Green Equities conference heard.
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IIGCC urges pension funds to improve climate risk management
17 October 2018Pension funds have been urged to improve their management of climate-related risks and opportunities by a group of investors with more than €21 trillion ($24.3 trillion) in combined assets.