.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
GreenBiz: The United Kingdom's largest utility companies are facing calls to publish dedicated strategies that set out how they to intend to manage the social implications arising from the shift from fossil fuels to low- and zero-carbon solutions, amid fears progress to decarbonize the energy sector could stall if companies at the forefront of the transition do not secure a broad social mandate.
GreenBiz: The incoming Biden administration has set an ambitious target of carbon-free power production in the U.S. by 2035. Achieving this lofty goal will require a step-change in how this country plans and makes investments to modernize the nation’s electric grid. With the right policies in place, the clean energy economy also could be the cornerstone of the U.S. economic recovery.
Nikkei Asia: U.S. asset manager AllianceBernstein Holding will oppose director slates nominated by Japanese companies if none of the candidates are women, becoming one of the biggest names to join the growing movement to bring diversity to boardrooms. [Full article available to Nikkei Asia subscribers.]
The Asset: Driven by its rising power demand, Vietnam has become one of the largest and fastest-growing renewable energy markets in Southeast Asia, and Thai companies are acting swiftly to take advantage of the vast opportunities in the country.
The Asset: Investors are beginning to seek independent audits of the sustainability targets of green bonds and social bonds as part of their bond covenants to ensure their investments are used for the intended purpose.
Pensions & Investments: Money managers racing to gather environmental, social and governance assets as European asset owners shift to all-ESG portfolios will have to absorb the cost of integrating specialist data if they want to remain competitive on fees, which in Europe are already lower than for non-ESG investments. [Full article available to Pensions & Investments subscribers.]
Bloomberg: Two new reports put price tags on the year’s warming-fueled severe weather events. [Full article available to Bloomberg subscribers.]
Established in 1931, the Colorado Public Employees’ Retirement Association (‘PERA’) provides retirement and other benefits to employees of the state’s government agencies and public entities. As at December 31, 2019, PERA had $US 52 billion of assets under management.
As part of its responsible investment approach, PERA integrates material environmental factors when evaluating investments in public securities or through due diligence when evaluating asset managers. With regards to Active Ownership, PERA has adopted a policy for voting proxies pertaining to disclosure of sustainability metrics. Moreover, the firm is involved with the Council of Institutional Investors (CII) and the Sustainability Accounting Standards Board’s (SASB) Standards Advisory Group to help develop responsible investment practices within the industry.
2020 Investment Stewardship Report
PERE: With decarbonization no longer optional for the industry, technology can also help owners to obtain better performance data and cut operating costs. [Full article available to PERE subscribers.]
Pensions & Investments: ESG-related ratings actions accounted for three-quarters of actions on international public finance entities and a third of U.S. public finance actions, according to a report released Tuesday by S&P Global Ratings. [Full article available to Pensions & Investments subscribers.]
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