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Fossil Fuel Divestment Put to Vote At Dutch Pension Funds

The members of six Dutch pension funds will vote on whether $35 billion in fund assets should be divested from coal, oil and gas investments. Divestment advocates filed a resolution Monday asking the six funds to sell off their fossil fuel investments by 2018, and to use shareholder power to encourage energy companies to use more sustainable practices. The ...
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CalPERS, CalSTRS to Step Up Climate Change Engagement Efforts

CalPERS and CalSTRS have issued a joint statement recounting their track records on engaging corporations on the topic of climate change. The statement also outlines future initiatives aimed at stepping up their corporate engagement on the sustainability front. From the statement: We recognize climate change as a material risk to society, the economy, ...
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Study: Pensions Put Pressure on Private Equity to Formulate Environmental, Social Investment Policies

Research from the London Business School shows that the vast majority of large private equity firms – 85 percent – are feeling increased pressure from Europe’s institutional investors to incorporate environmental, social and governance (ESG) considerations into their investment policies and processes. Details from Investments & Pensions Europe: The ...
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CalPERS CEO: “The Companies We Invest In Have to Be Sustainable”

CalPERS CEO Anne Stausboll sat down with the Financial Times for an extensive interview last week. She talked about her push to make CalPERS an agent of change on social and environmental issues, including the use of shareholder power to engage with companies about sustainable business practices. Here’s that excerpt, from the Financial Times: Where ...
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Sustainable Investing Experts Weigh In On Fossil Fuel Divestment; Is Engagement A Better Strategy?

Different pension funds have different opinions on how climate change should affect investment strategy. Some, like Norway’s largest pension, are willing to divest from certain fossil fuels entirely. Others, like CalPERS, prefer to use their leverage as major shareholders to engage with companies rather than divest. Many others cite their fiduciary ...
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Florida Town Negotiates Pension Changes With Police Force

The Florida town of Delray Beach this week negotiated a series of pension changes with its police force; the town eliminated early retirement for new hires and lowered the multiplier used to calculate pension benefits for new and current employees. Un-vested employees also won’t be able to use overtime to boost their pension benefits. In return, ...
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Video: South African Pension Head Talks Investing for the Future

In this video, John Oliphant – Head of Investments at the $106 billion Government Employees Pension Fund of South Africa – discusses “irresponsible” investing and how his fund is investing with sustainability issues in mind. How has the strategy worked out for the GEPF? And would it work with other funds? Oliphant begins by giving some talking ...
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Video: The Sustainability of the U.S. Pension and Social Security Systems

Here’s full video of a panel discussion that was held on November 14 as part of the 2014 National Lawyers Convention. The discussion was titled “”Intergenerational Equity and Social Security, Medicare, Obamacare, and Pensions”; the panelists discuss the sustainability of Social Security, the pension system, and similar programs. The ...
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CalSTRS Stepped Up “Green” Bond-Buying By 300 Percent In 2014

CalSTRS released its Green Initiative Task Force report on Wednesday. The report highlights the pension fund’s “environmental-themed investments” and risk-management efforts related to climate change. The report reveals that it increased its purchases of “green bonds” by 300 percent in 2014. Investopedia defines a “green bond”: These ...
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