Archive

BlackRock remains 'misaligned' with NYC pension climate expectations, fund says

BlackRock still fails to satisfy 'net zero' expectations set by a group of New York City pension funds, months after the city's chief financial officer recommended replacing the asset manager on a major US equities mandate, the funds said.

People Moves, 12 September: TPG Rise Climate, BlackRock, Westpac NZ, ISF ... and more

New York prepares second $700m social bond

The City of New York is planning in October to raise $700 million from its second social bond, which will be used to build 4,500 affordable homes in the city.

US banks facing NYC pension fund pressure on climate targets

Bank of America, JP Morgan Chase and Goldman Sachs are preparing to face a shareholder vote on a resolution asking them to set absolute greenhouse gas (GHG) emissions reductions targets, as a major investor criticised them for "lagging peers" in this area.

US pension funds call on banks to disclose emissions targets

COP26 round-up, 10 November: Cars, Amazon and asset owners

24 countries commit to zero-emission cars by 2040

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.

Investors worth $1.3trn make climate infrastructure pledge

An alliance of pension funds and other institutional investors representing $1.3 trillion of assets has committed to try to increase their investments in 'climate-resilient infrastructure'.