Responsible Investor

discipline and that there could be a potential breach of fiduciary duty for schemes not to examine ESG issues.
Amy Muska O’Brien, director of social investing at TIAA-Cref, the $437bn US pension manager for teachers and academics said its responsible investment approach aligned it with the concerns of its members, which it had surveyed to gauge their views on the topic.
TIAA-CREF now runs more than $9.5bn in social screening, community investing and sustainable real estate funds and has a large team involved in advocacy and corporate engagement: “We believe that responsibility is crucial to our role as a long-term investor and that governance and monitoring is better for long-term returns. Our members expect it and so does society.”

ESG Leaders Awards
The TBLI Paris conference was the venue for the first ESG leaders awards produced in conjunction with IPE Magazine.
The winner for the best ESG investor was the UK’s Environment Agency Pension Fund for its €2.15bn ESG overlay strategy, which since its inception in 2005 has produced above benchmark performance.
F&C Asset Management won the award for Best Asset Manager Investing in ESG, while Goldman Sachs won the award for most innovative development related to ESG for its Environmental Policy Framework. The award for best research company went to Innovest Strategic Value Advisors, while KLD Research & Analytics won the award for outstanding contribution to ESG.

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