- The results of a board election last week at the largest public pension fund in the U.S. offered a stark reminder that the “institutional shift” toward sustainable investing is in no way inevitable.
- The latest episode of ImpactAlpha’s Returns on Investment podcast tried to take stock of the state of impact investing at such pension funds and other large institutional investors.
- To keep warming under 1.5°C and avoid the worst-case scenarios, global carbon-dioxide emissions need to be cut 45% by 2030 and reach “net zero” by around 2050, the IPCC found
Public bond markets are becoming a reliable new source of capital for community development financial institutions that lend to low-income communities. A successful $76 million offering by the Reinvestment Fund, a nationwide “CDFI” based in Philadelphia, pushed total capital raised through four such general-obligation bond offerings since last year to more than $350 million. Reinvestment
- An investigative report has taken to task Goldman Sachs Asset Management, which supervises approximately $1.3 trillion in assets, for its record of proxy voting on shareholder resolutions at companies in the JUST portfolio, which tracks an index created by the nonprofit JUST Capital.
- The Shine Campaign, which seeks to mobilize both philanthropic and private capital for energy access, surveyed 10 fund managers who collectively expect to deploy $1.3 billion in such ventures over the next two years, with half of the capital already raised. “It’s a hockey stick,” said Shine’s Mark Correnti.
- The 10 funders are...
- Progress towards mobilizing investment towards the Sustainable Development Goals has been slow and thin, write Rockefeller Foundation’s Lorenzo Bernasconi and Carolien de Bruin and Josephine Damstra of C-Change, an Amsterdam-based impact strategy consultant.
- They call for solutions “to achieving a step-change in the number and scale of ‘fit-for- purpose’ investment products that are SDG-aligned."