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Pension fund dumps ESG benchmark for passive investments

MICHELLE BALTAZAR  |  FRIDAY, 2 AUG 2024  |  NEWS
The Government Pension Investment Fund (GPIF), one of the largest managers of retirement savings in the world, has dumped the ESG index it had been using for its passive investments in previous years. In March, the fund said it has decided to change ...

Systems thinking to drive alpha, tackle systemic threats

ROSE MARY PETRASS  |  FRIDAY, 2 AUG 2024  |  NEWS
Geopolitics, climate change, and social polarisation are top concerns for the world's largest investment teams, according to the Future Fund and major think tank the Thinking Ahead Institute. Analysing 26 "extremely influential" global investment teams ...

Gender lens investing to receive $1.5bn injection

MICHELLE BALTAZAR  |  FRIDAY, 2 AUG 2024  |  NEWS
... sustainable development goals (SDGs) last month, which was attended by several Indonesian government agencies, the Impact Investment Exchange (IIX) and the Ford Foundation. The proposed Orange bonds aim to support women-focused enterprises with micro ...

Quinbrook closes clean energy capital raise at $3bn

ROSE MARY PETRASS  |  FRIDAY, 2 AUG 2024  |  NEWS
Quinbrook, the specialist global infrastructure investment manager, has closed its largest-ever capital raise at $3 billion for the Net Zero Power Fund. The strategy focuses on large-scale solar, renewable fuels, power generators, and battery storage. ...

Asset managers fast track portfolio targets

ROSE MARY PETRASS  |  FRIDAY, 2 AUG 2024  |  NEWS
... corporate fixed income lead the pack in target setting. To achieve their targets, around half (51%) use the Paris Aligned Investment Initiative's Net Zero Investment Framework. Others use the Science Based Targets initiative for Financial Institutions ...

NZ investors to buoy positive impact funds, fears greenwashing

MICHELLE BALTAZAR  |  THURSDAY, 1 AUG 2024  |  NEWS
... Zealanders want to invest in positive impact strategies. The annual survey, Voices of Aotearoa: Demand for Ethical Investment in New Zealand 2024, revealed the resounding appeal of responsible investment products and strategies in the country. Overall ...

ACCR cuts ties with Rio Tinto

ROSE MARY PETRASS  |  THURSDAY, 1 AUG 2024  |  NEWS
Mining giant Rio Tinto's political lobbying activities are a greenwashing risk, a breach of public trust, and a form of investor deception, according to ACCR. This week, a prominent shareholder advocacy group announced it cut ties after a year-long ...

ISS ESG to plug emissions data shortfall for banks, insurers

MICHELLE BALTAZAR  |  THURSDAY, 1 AUG 2024  |  NEWS
... for banks and insurers looking to comply to imminent emissions disclosure laws. This week ISS ESG, the sustainable investment arm of ISS STOXX, announced a string of upgrades to its Climate Solutions suite, including the release of a new Industry Average ...

IFM, ASX-listed firms bet on renewable fuels

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024  |  NEWS
... "Alongside our industry super partners, we have been working closely with the government to identify ways to accelerate investment in Australia's energy transition, and a local SAF industry driven by Australian businesses is crucial to that acceleration." ...

UniSuper's environmental option returns -16%

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JUL 2024  |  NEWS
The fund's Global Environmental Opportunities (GEO) option returned a dismal -15.96% in FY24, but chief investment officer John Pearce says the growth themes remain intact, adding it's on a more solid footing than in FY21 when returns soared ...