asset management – Karma

U.K. Pensions May Focus on Climate Change, While U.S. May Limit Pensions’ ESG Investment

Neanda Salvaterra — Fri, 17 Jul 2020 10:00:00 +0000

While the U.K. moves to ask retirement funds to disclose their portfolios’ carbon footprint, U.S. authorities may limit pension plan managers’ ability to factor in environmental, sustainability and governance issues in their investment decisions. The moves are happening as more investors are interested in value-aligned assets and ESG investment offerings have surged in the last […]

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What BlackRock’s Plans to ‘Punish’ Portfolio Climate Inaction Really Means

Meg Massey — Wed, 15 Jul 2020 15:00:00 +0000

When BlackRock, the world’s largest asset manager, says it will “punish” companies for their “climate inaction,” what does it mean? Maybe the other 244 companies on its “watch” list will react differently when they find out. This article is part of the daily Karma newsletter. To get the whole newsletter delivered to your email free […]

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RBC GAM Using Climate Risk to Evaluate Its Over-$300-Billion Portfolio

Neanda Salvaterra — Wed, 15 Jul 2020 10:00:00 +0000

Royal Bank of Canada Global Asset Management is working on future proofing its portfolio of over $300 billion to protect its assets from the impact of climate change. IPCC, a United Nations body that advises the governments on climate science, has warned that a rise in global temperatures may result in more extreme weather patterns […]

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Impact Investors Want More Data and Less Spin From Financial Companies

Neanda Salvaterra — Thu, 07 May 2020 10:00:00 +0000

Asset managers are pumping out ESG-related information that is not focused on what investors want to see, says a communications company. A search engine and social media survey shows investors are looking for issues including ESG measurement metrics and supply chain transparency. Financial firms are looking to cash in on a growing ESG investment product […]

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Japan’s GPIF, World’s Largest Pension Fund, Joins U.S., U.K. Funds to Adopt Sustainability Practices

Margot Habiby — Fri, 13 Mar 2020 07:21:10 +0000

Pension funds representing about $2 trillion in assets under management are committing to sustainability investing The move brings some of the world’s largest asset owners into the ESG movement, joining fund managers, companies and governments Pension funds’ ESG commitment highlights focus on the long term even during the current market meltdown due to coronavirus Three […]

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U.S. Solar Sector Draws Big Bets From Swiss Investor With Taste For Low-Risk

Mark Shenk — Sat, 01 Feb 2020 13:46:32 +0000

The surging U.S. solar sector is attracting interest from unlikely places, including an asset manager in a Swiss lakefront town betting on solar’s falling costs, low risk and potentially bright future. Zug, Switzerland-based Capital Dynamics has gone from almost no American presence a few years ago to owning some of the largest U.S. solar projects. […]

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BlackRock, Shamed for Climate Change Role, Vows to Put Sustainability at Center of Business

Margot Habiby — Tue, 14 Jan 2020 19:21:08 +0000

The world’s largest asset manager seems to have gotten the message. BlackRock, criticized by Al Gore and other environmentalists for putting profit above all other concerns, acknowledged today that “climate risk is investment risk” and promised that sustainability will be a guiding principle when it invests client money. The company, for one thing, is exiting […]

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Facing Criticism, BlackRock Joins Climate Action Initiative and Brings Group’s Assets Under Management to $41 Trillion

Margot Habiby — Fri, 10 Jan 2020 20:08:19 +0000

BlackRock Inc., the world’s largest asset manager, joined the Climate Action 100+ initiative after mounting criticism in recent months about its dedication to fighting climate change. The manager of $6.8 trillion in assets is among the biggest shareholders of most of the world’s listed businesses but has hesitated to use its voting power to push […]

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What Happens When Legacy Asset Firms Start Investing for Impact?

Meg Massey — Fri, 02 Aug 2019 21:09:23 +0000

The announcement that British asset manager Schroders would acquire a majority stake in the impact investing firm BlueOrchard Finance is the latest evidence that legacy asset managers are increasingly looking to beef up their sustainability bona fides, though whether acquisitions become the preferred path remains to be seen. Zurich-based BlueOrchard was founded in 2001 as […]

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Hermes Management: Why Some ESG Investors Take On ‘Dirty’ Investments

Ambreen Ali — Thu, 20 Jun 2019 22:10:31 +0000

Hermes Investment Management makes no excuses for investing in “dirty” industries. Even as the $43 billion London-based asset manager pushes the industry to measure returns holistically — considering their impact on society and the environment — it also backs companies that large public companies that are not living up to that standard. So can Hermes […]

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