Excuse rights are a tool for LPs to avoid being committed to investments they would rather avoid on environmental, social or governance grounds, but they can create difficulties for fund managers. Winston Penhall of Reed Smith explains why.
The leaders of some of the most prominent firms have spoken out about discrimination.
The UK’s City of Westminster pension fund wants to add one, separate to its existing infra allocation. Here’s why others might consider it too.
Infrastructure assets are ‘particularly susceptible’ to community distrust and social licence should be considered at all stages of a project to combat this, says a report by think-tank Infrastructure Partnerships Australia.
A statement from pensions with combined assets of nearly $2trn is a clear warning to sceptics.
In the third and final part of our Deep Dive, we find energy efficiency – key to the energy transition – remains the 'forgotten fuel' and that most managers and investors prefer engagement over divestment.
It will be critical for those investing in infra - directly or indirectly - to adopt measures both at the portfolio and firm level to reduce emissions.
We asked industry leaders questions from how they are reducing their carbon footprint to whether they are divesting from fossil fuels. With some notable exceptions, disclosure was hard to come by, suggesting there is a lot of work to be done.
Since the final recommendations were released in 2017, the Task Force on Climate-related Financial Disclosures has gained momentum and supporters, but ‘progress must be accelerated’.
In the US, universities are implementing comprehensive energy transition programmes with the help of alternative investors.