a reminder that:
1. pension funds are important actors in #shadowbanking
2. GPIF has led climate change fight in institutional investor world
3. GPIF is doing exactly what a patient investor should be doing: buy to hold, not buy to lend.
ft.com/content/8d61bd…
1. pension funds are important actors in #shadowbanking
2. GPIF has led climate change fight in institutional investor world
3. GPIF is doing exactly what a patient investor should be doing: buy to hold, not buy to lend.
ft.com/content/8d61bd…
move by GPIF is stronger than 'ESG required':
1. pension fund is taking a clear view on what G means, instead of relying on the G metrics of private providers.
2. it applies ESG framework to itself as opposed to equity/fixed income assets in portfolio.
1. pension fund is taking a clear view on what G means, instead of relying on the G metrics of private providers.
2. it applies ESG framework to itself as opposed to equity/fixed income assets in portfolio.
GPIF has been at forefront of battle to climate-align institutional investor portfolios for a while - worked with @WorldBank to develop ESG framework for fixed income (much more difficult) worldbank.org/en/news/press-…
@WorldBank interesting questions of how - if at all - this will affect equity ETFs, one for @izakaminska @FTAlphaville
@WorldBank from the horse's mouth
