SRI - ESG - CO2

The California Public Employees’ Retirement System’s (CalPERS) Board of Administration (Board) today laid out a path to review all of the System’s existing divestment initiatives, including tobacco. Based on directions given to CalPERS staff, the Board will consider reinvestment in tobacco after thorough review, study, and stakeholder input.

Following the successful launch of its low carbon equity index family, Solactive AG in collaboration with South Pole Group sets the bar for fixed income low-carbon index solutions with its new Solactive SPG Euro IG Low Carbon Bond Index.

The World Economic Forum’s (WEF) 11th annual Global Risk Report named “failure of climate-change mitigation and adaptation” as the top global risk for 2016 and beyond, making a case for linking this to other high-ranking risks such as “large-scale involuntary migration” and “water crises”.

The California Public Employees’ Retirement System (CalPERS) today laid out its corporate engagement plans for 2016, with proxy access, climate risk reporting, and diversity at the top of the list. CalPERS invests in more than 10,000 public companies worldwide, and uses its proxy voting rights at those companies to effect changes in line with its Investment Beliefs.

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA, and Nomura Securities Co., Ltd. announced the launch of three World Bank Sustainable Development Bonds designed for Japanese retail investors.