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Outgoing New York City comptroller Brad Lander has told the city’s pension systems to fire BlackRock over its climate track record. This has not gone down well with the world’s largest asset manager
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Outgoing New York City comptroller Brad Lander has told the city’s pension systems to fire BlackRock over its climate track record. This has not gone down well with the world’s largest asset manager
According to Antonina Scheer of the Transition Pathway Initiative, one of the big wins of the COP30 summit was the lack of backsliding on climate finance after the US pulled out of the Paris Agreement
People’s Pension, which runs £38bn in assets, is aiming to align its investments with the Paris Agreement goal of keeping global warning below 1.5C but some US asset managers are pivoting away from ESG investments
Natural capital investments are finding favour among major asset owners, according to data from Gresham House and AOX’s own sister publication MandateWire. We hear from two asset owners on what’s driving their interest in the sector.
Retail investors have been pulling money out of ESG investments for several years as enthusiasm for the style turns negative. Is this reflected among asset owners?
Local government pension schemes and LGPS pools surveyed by MandateWire in the third quarter of 2024 focused on alternative portfolios, in part due to the UK government’s push to encourage the LGPS to provide UK private market funding.
As investor attention shifts from carbon emissions to biodiversity, asset owners are advised to consider the investment opportunities in natural capital. Companies that support resource efficiency, zero waste and the circular economy are hailed as attractive investments that both protect the earth’s natural resources and deliver strong returns.