Leaders and laggards: why climate strategies differ across US public pension funds
Against the backdrop of growing political backlash against climate ambitions, climate strategies and targets at US public pension schemes are diverging
US
Stafford targets 25% transition allocation in flagship infrastructure fund
The $1.1bn infrastructure secondaries strategy is Stafford’s largest infrastructure vehicle so far
Quiet convergence: why UK endowments are turning to private markets for climate solutions
Simon Hallett, head of climate strategy at Cambridge Associates predicts an increase in private market allocations by endowments and foundations. Climate solutions, he reckons, is the reason why
Oregon’s $100bn public pension fund on track to triple transition infrastructure investment
New disclosures from the state’s treasury shows OPERF’s widening appetite for transition infrastructure and a 50% reduction in portfolio emissions intensity
“Better to be roughly right than precisely wrong”: IoFA issues warning against mainstream climate models
New analysis from the UK’s Institute and Faculty of Actuaries and University of Exeter shows global warming is accelerating faster than expected, with models lagging behind
AI and proxy voting: a Matrix moment for stewardship?
JP Morgan set an important precedent earlier this month when it announced that it had cut ties with external proxy advisers in favour of an AI-powered in-house tool. Is this much-needed progress that could break the oligopolistic proxy market, or a concerning step that risks weakening stewardship standards?
UN climate chief warns US withdrawal from IPCC, UNFCCC a ‘colossal own goal’
The Trump administration claims membership in these organisations does not serve US interests. Other exits include IRENA and the International Solar Alliance
Climate fiduciaries: part I – the climate prisoner’s dilemma
Do pension funds have a fiduciary duty to make climate-aware investment decisions? Some members are prepared to take the question to court. In this three-part series, NZI investigates the pieces of the climate fiduciary puzzle
IFM Investors launches Texas-based biomethane company
Mobius Renewables, an integrated low-carbon fuels platform, marks a further expansion of the IFM Investors’ strategic focus on the low carbon fuels sector.