USS 'tilts' £5bn of assets towards climate
The Universities Superannuation Scheme (USS) has announced today that it will invest some £5 billion ($6.7 billion) of its assets in funds...
News round-up: BNP Paribas, CDP and USS Invest
USS invests €225m for 50% stake in Bruc Energy
Australian pension fund to exit coal amid climate announcements
Australian pension fund First State Super has outlined a number of climate change actions and targets, including exiting thermal coal, as it urged other Australian pension funds to do the same.
Largest private pension scheme in UK announces first divestments
The Universities Superannuation Scheme (USS) has announced it will not invest in tobacco, coal, and controversial weaponry firms under its exclusions policy, though campaigners are pressing for the £68 billion ($84 billion) fund to divest from other fossil fuel firms.
‘Worryingly complacent’ UK pension funds neglect climate risk
Some of the largest pension funds in the UK are ‘worryingly complacent’ about the risks posed by climate change to investments, according to the Environmental Audit Committee (EAC).
UK pension funds advised to adopt TCFD reporting and engage on climate
The UK's Pensions and Lifetime Savings Association (PLSA) has warned of the "severe" short-term risks to pension fund investments posed by climate change, as it releases a framework to help them mitigate climate risk and exploit opportunity.
UK university pension fund buys into Thames Water
The Universities Superannuation Scheme (USS) pension fund has bought a 10.9% stake in Thames Water's holding company.
GIB sold to Macquarie-led consortium for £2.3bn
The Green Investment Bank (GIB) has been controversially sold to a consortium led by Australian bank Macquarie for £2.3 billion ($2.9 billion).