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
As major energy firms ramp up LNG investment, the sector’s dependence on debt is prompting renewed scrutiny of the financial risks for bond investors involved.
The US has drastically scaled up its LNG production capacity, becoming the world’s largest exporter of the fossil fuel, but the boom could soon come to an end, posing significant investment risks
The third issue of Spark! zooms in on the role of infrastructure investment, covering both risks of stranded assets in LNG as well as emerging opportunities in transition assets
The upcoming Pensions Bill in the UK proposes a value for money (VFM) framework for DC schemes. A similar experience in Australia – the performance test – had unintended consequences for climate solutions investing. Will the VFM repeat the performance test’s errors? or will this time be different?
The outgoing comptroller of the New York City Pension Fund has put forward recommendations to terminate three public equity mandates, including a $42bn mandate with BlackRock, after several managers failed to meet climate reporting expectations
Globally, most managers are either ‘inactive or inconsistent’ on climate lobbying, despite asset owner interest in the topic rising, according to new research among the 39 largest managers
Anders Shelde, CIO of Danish pension fund AkademikerPension, has written to the SEC expressing concerns over the changes to America’s no-action requests mechanism. Schelde warns that new changes will erode investor rights and push climate to the periphery
A survey of over 900 institutional investors conducted by Morgan Stanley’s Institute for Sustainable Investing shows asset owner allocation to sustainable funds is rising on the back of strong financial performance. Notably, this demand is strongest in North America
The investment in Pike Corporation is aimed at supporting climate adaptation in the utilities sector
The 1GT private equity fund links 50% of carried interest to climate outcomes
New York’s highest court has dismissed a leave to appeal in Wong et al v. NYCERS