ESG
The firm has launched a new forest sustainability fund to promote climate change mitigation with a $500 million target.
The university is looking to add more investments that promote the global transition to less carbon-intensive energy sources as part of its net-zero carbon emissions endowment goals.
Institutional investor incorporation of ESG into investment decision-making processes was down year-over-year, however, foundations and endowments integrated ESG at the highest rate, according to a recent survey.
The university system is considering adding a fossil fuel-free passive index strategy to align with its recent mandate to divest its portfolios of direct and indirect investments in fossil fuels.
The firm has appointed a chief responsibility officer effective Jan. 9 to oversee its corporate responsibility and responsible investing efforts.
The plan will receive ESG manager search results in February.
A major public pension in Canada aims to achieve a net-zero portfolio by 2050.
The New York-based venture capital manager has closed its oversubscribed early-stage decarbonization strategy.
New rule allows plan fiduciaries to consider climate change and other environmental, social and governance factors.
The Western-based firm closed its inaugural fund, which invests in early-stage climate tech companies, with approximately $90 million in total commitments, above its $50 million target.