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Mandates
New Zealand Superannuation fund plots major forestry move
Responsible investor talks with Harvard Management Co. over Kaingaroa estate
Swiss pension fund backs new Rothschild quantitative responsible investment strategy
Rothschild teams up with sustainability firm Conser Invest
UK pension fund eyes agriculture, timber in long-term fiduciary mandate
Potential 10-year contract with supplier
UK government seeks fund managers for non-domestic energy efficiency infrastructure
Focus is likely to be debt funding, says green investments team
Norwegian fund giant’s environmental investments slip
Environmental mandates return -22.8% in 2011
Leading investment consultant calls for better ESG mandates
Owners need to show leadership, says respected industry figure
Pension fund-backed ‘long-term/sustainable’ model mandate set for formal launch
International Corporate Governance Network project
The €6bn ESG mandate tender you should know about…
France’s Ircantec revamps entire portfolio on RI lines.
Giant LA fund wants UN PRI signatory for emerging markets mandate
Fund managers should consider becoming a signatory or incorporating principles
France’s €12bn ERAFP tenders for €865m in SRI convertible bond and real estate mandates
Huge ESG tender will follow fund’s SRI charter.
Denmark’s ATP “gratified” asset firms Goldman Sachs AM and PIMCO signed UN PRI
Fund giant says it engaged with managers to “induce” them to sign up
Giant Japanese investor seeks environmental social and governance managers for passive equities
Candidates must be signatories to the UN PRI
UK’s €10bn responsible investment-focused pensions lifeboat in bond move
Leading responsible investor seeking bond managers
France’s FRR re-tenders €600m in ESG mandates
SRI briefs awarded in 2006 up for review.
NAPF survey says 72% of UK’s biggest pension funds to use RI criteria in manager hires
Trade body says funds also becoming more ‘hands on’ with investee companies.
Ethical IFAs say clients will be unimpressed by Henderson SRI team cuts
Move is a “retrograde step” according to advisor.
US sustainability investor Calvert axes UK asset manager from sub-advisory role over performance
F&C mandate replaced by multi-manager structure.
It’s vital institutional investors are included for financing a low carbon future
Reform which stimulates investment in climate change could be key to long-term sustainable growth
Asset owners testing climate change theme through PE fund-of-funds route
First closes indicate growing appetite from investors.
Clean Investor, August 16: Church investor group welcomes Niger Delta oil spills report
RI’s regular Tuesday round-up of clean investing developments
£4bn London Pension Fund Authority goes Dutch for voting and engagement on £1bn in equities
Appointment follows major internal review.
US development finance body OPIC puts half a billion into renewables
Major climate change initiative from US government body
Sweden’s AP7 seeks proxy voting service provider
State fund issues RFP for 2,500-company portfolio
Asset owners who fail to engage may be “abrogating fiduciary duty”
High-level study looks at barriers to engagement
UK’s NEST awards ethical mandate to F&C Asset Management
New workplace scheme to screen human rights, environment and corporate governance
Norwegian Global Fund’s environmental assets exceed €3bn
Giant investor now has nine environmental mandates
F&C says boardroom turmoil cost it institutional mandates
“We did miss some business,” says CEO
Merseyside puts ESG at heart of €1.6bn passive fixed income and equity manager search
Fund wants managers to monitor ESG risk and engage with companies
CP3, UK/Asian govt climate fund, issues mandate for asset manager as part of UN $100bn plan: P8/P80
Fund-of-funds house sought for sizeable Asian green infrastructure portfolio.
Clean Investor, February 15: Railpen quizzes managers on climate change
RI’s regular Tuesday review of clean investing news
New UK government fund seeks responsible ownership advisors and ESG data suppliers
NEST invites tenders from potential suppliers
Swiss pension fund issues bond mandate excluding arms, tobacco
CHF100m mandate also targets revenues from gambling, nuclear energy and genetically modified organisms
UK’s NEST begins search for Sharia-compliant fund manager
New workplace DC fund gets Islamic option
Denmark’s Lærernes Pension awards ESG bond mandate to giant US manager
Teachers’ fund taps State Street Global Advisors
RI interview - James Gifford, UNPRI: fees, growth, public policy and global expansion
UNPRI executive director maps out its strategy in a crucial year.
UK Environment Agency awards £80m emerging markets mandate
France’s Comgest replaces Scottish Widows for ESG-based portfolio.
The Co-operative Asset Management to run mining union assets
UK’s NUM expands relationship with TCAM
SRI asset growth in Australia and US outstrips mainstream market
Benchmark reports from local responsible investment associations reveal boost in take-up.
Swedish AP funds name ESG analysis providers
€86.5bn buffer funds complete procurement
RI interview: Joachim Faber, CEO, Allianz Global Investors: the gradual rise of ESG
Responsible Investor talks to the head of the world’s third biggest fund manager.
Sustainability key to groundbreaking joint mandate tender by £9.9bn UK local authority group
Sustainability questionnaire part of advisor selection as seven regional funds work together to save money.
NZ Superannuation Fund looking at ‘Positive Investment’
€8.8bn state fund also considering footprint of total portfolio
ESG now integrated at $6.8trn of assets globally, UN PRI says
United Nations Principles for Responsible Investment progress report
European pension funds increasingly including ESG in RFPs – survey
Aberdeen Asset Management polls 200 funds
Giant Norwegian govt fund tenders corporate credit mandate
One of world’s largest RI proponents searches for US credit manager.
France’s FRR reaches 85% integration for ESG research on investment
Assets run via an SRI process reach 13% as fund recovers on performance.
PGGM backs Standard Life for sustainable real estate
Dutch pension giant in sustainable property move
Swiss investor seeks manager for $30m alternative energy portfolio
Mandate tendered on-line
Environment Agency axes SWIP from emerging markets mandate
€1.6bn fund seeks EM manager/s with ESG credentials
Danish pensions giant LD tenders €70m green mandate in huge €6bn tender
PRI signatory says ESG factors will play a role in mandate hires.
PGGM to double innovative responsible equity portfolio to €2bn
Fund manager also looks to add RI equity portfolio analyst.
Norwegian Global Fund hires specialist water manager
Water Asset Management picks up undisclosed sum for investment brief.
Merseyside puts RI at heart of new £500m emerging markets mandate tenders
Managers will have to demonstrate understanding of ESG and governance in investment.
British Telecom pension scheme puts £75m into new UK green tech fund
Investment in Hermes-run portion of government innovation fund.
Norges Bank details first RFPs for raft of enviro equity mandates in euro2.5bn programme
Mandate sizes for each manager in the $50m-$250m range.
Danish pension funds team up for 100m euro renewables allocation
Investors also revealed in Fortis clean energy infrastructure fund.
ATP ups its sustainable forestry investments
Wisconsin timber purchase takes commitment to $70m.
France’s €29bn FRR goes ‘carbon neutral’ with hydropower offsets - tenders €5bn bond mandates
French giants seeks to compensate for 700 tonnes of CO2 emitted per annum.
UK mulls low-carbon infrastructure investment institution, names Hermes for clean tech allocations
Infrastructure announcement made as part of pre-budget report.
Environment Agency seeking ESG bond manager
US foundations developing ESG emerging markets fund
A group of US charitable foundations are developing an environmental, social and governance-focused emerging markets equity fund with the aid of consulting firm Cambridge Associates.
Asia’s state pension funds: en route to better governance
Funds in China, Korea and Thailand break ground on voting and corporate accountability, but there are still areas to develop.
Finnish church names managers for initial overseas SRI commitment
Morley and Sarasin win out for European equities as fund pledges more SRI research for 2008.
$45bn NYCERS scheme hires four SRI managers
Generation, F&C, Walden and KBC win fund mandates.