IEEFA: Australian pension fund NGS Super said it had sold all its holdings in oil and gas companies, worth A$191 million ($133 million), in a drive to achieve a portfolio with net zero carbon emissions by 2030.
Financial Standard: This is a key finding of new research from Australian Ethical and Investment Trends and shows a significant increase from 2016 when just one in five advisers operated in the space.
Institutional Investor: Investing in public benefit corporations could be a “potentially game-changing” way for asset owners to incorporate ESG into their portfolios, according to the Queensland Investment Corporation’s Helen McNamee.
Money Management: In a global study of 369 asset managers, 95% of those in Australia and New Zealand said they integrated ESG factors into their investment, only two percentage points behind the UK and Europe.
U.S. News: BlackRock Inc, the world's largest money manager, voted against a resolution calling for Commonwealth Bank of Australia (CBA) to stop financing new fossil fuel projects, it said.
BNN Bloomberg: One of Australia’s biggest infrastructure investors has pledged to almost halve carbon emissions across its portfolio of toll roads, airports and oil pipelines by the end of this decade as the global asset management industry steps up commitments to tackling climate change.
The Sydney Morning Herald: One of the country’s leading ethical investors says the nation’s $3.3 trillion superannuation industry could move beyond divestment and adopt “green short-selling” as a tactic to pressure local companies with high carbon emissions to take greater action on climate change.
Money Management: The firm said the strategy followed the environmental, social and governance (ESG) investment process established in 2007 by Stephen Liberatore, Nuveen head of ESG/impact – global fixed income.
Financial Standard: A $3.4 billion industry super fund handed its first ESG mandate to an Edinburgh-based fixed income boutique.
BNN Bloomberg: Robeco Institutional Asset Management BV will soon start pressuring Australia to phase out its reliance on coal and other natural resources, as money managers slowly begin targeting governments over climate change.
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