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Page 2 - RI round-up Jan 8
Jupiter Asset Management has won a mandate from the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) to manage a high alpha, unconstrained UK equities portfolio with a corporate engagement strategy designed to meet NILGOSC’s commitment to the UN Principles for Responsible Investment. The mandate will hold a basket of stocks that comprise the ‘best ideas’ of Jupiter’s UK equity team and will target a return of 2% to 4% above the FTSE All-Share Index over rolling 3-year periods unconstrained by benchmark weightings.
Jack Ehnes, chief executive officer of the $130bn California State Teachers’ Retirement System (CalSTRS) has joined the board of directors of Ceres, the investor environmental coalition. CalSTRS has already allocated more than $1.2bn in its sustainable investments programme spread across global equities, private equity and real estate asset classes.
BM, Tesco and Dell have received the top scores in a report ranking consumer & tech companies on climate change issued by Ceres and authored by RiskMetrics Group. The report analyses climate change governance practices at 63 of the world’s largest retail, pharmaceutical, technology, apparel and other consumer-facing companies.
Overall, the report says consumer and technology companies have more to do in confronting the business challenges posed by climate change. Link to site for report
The Dow Jones Sustainability World Index has been licensed to The Dreyfus Corporation to serve as the stock selection pool for the firm’s first-ever global sustainability-themed mutual fund. It is the first time the index will serve as the selection basis for a mutual fund available in the US.
An on-line portal has been launched as a guide for companies to drive environmental and social improvements in their supply chains. The Portal for Responsible Supply Chain Management consolidates examples of thousands of supplier audits and training sessions undertaken by large international companies from various industries including HP, L’Oréal, Titan, Volkswagen, GDF Suez and Epson.Link to portal
Eidsvoll kommune near Oslo has awarded a NOK110m (€12m) mandate for its occupational scheme to Kommunal Landspensjonkasse (KLP), one of Norway’s largest life insurance funds and a noted responsible investment proponent, reports ipe.com.
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