Sampension cuts US exposure in fossil fuel investment revamp
The pension fund will retain investments in seven European companies including BP, Equinor and Shell
Divestment
‘Change is possible’: how the John Ellerman Foundation implemented divestment in pooled funds
The John Ellerman Foundation's push to exclude primary market fossil fuel financing from pooled fund investments offers a case study in how engagement with managers can enable asset owners to punch above their weight.
Do the right thing: NYC Comptroller CIO on climate returns and manager accountability
Monte Tarbox, the new CIO for the New York City Comptroller, sets out his vision on climate investing for the systems
AP7 excludes BP, Woodside, Chevron and TotalEnergies over Paris alignment concerns
AP7, Sweden’s largest public pension fund, has adopted widespread exclusions of major fossil fuel companies, raising concerns that these firms are no longer aligned with the Paris Agreement
Asset owners urged to embed fossil fuel phaseouts into mandates as managers increase exposure
Asset owners have been urged to make fossil fuel phaseouts a core requirement in manager selection as asset managers continue to increase their exposure to the fossil fuel industry
NYC Comptroller hails ‘clear and decisive’ victory in fossil fuel divestment lawsuit
New York’s highest court has dismissed a leave to appeal in Wong et al v. NYCERS
KENFO pushes back on fossil fuel expansion allegations
The €24bn fund says a recent report on its fossil fuel exposure misrepresents its portfolio data amid a growing debate on the role of fossil fuel holdings in net zero-aligned portfolios
US-based foundation severs ties with BlackRock
The Sierra Club Foundation has announced its decision to divest from BlackRock/Aperio in order to “safeguard its assets”, citing the asset manager’s failure to address “the systemic financial implications of the climate crisis” through its investment decisions.
Local government pension fund ramps up fossil fuel divestment
Wiltshire, a £3bn LGPS fund in the South West of the UK has scaled up its fossil fuel divestments this year, yet pooled fund investments continue to pose challenges
“If you fund destruction, you’re responsible”: Ugandan activist urges investors to drop TotalEnergies
Ahead of the Total AGM in May Net Zero Investor sat down with environmental scientist Samuel Okulony to find out more about the human and environmental impact of the EACOP pipeline