climate

The new US president’s environmental agenda and plans for a ‘clean energy revolution’ could provide added impetus for ESG strategies in private markets.

Climate change is taking centre stage as funds move to measure emissions and integrate changes so they are maintained post-exit.

Investors, especially pension schemes with young beneficiaries, are starting to ask more of their managers when it comes to climate strategy.

Aware Super’s senior portfolio manager, Jenny Newmarch, explains how the Australian super fund is engaging with managers on climate change.

As another investor alliance is created, we should be getting clear roadmaps to action at the point of announcement.

The roadmap makes 37 recommendations for participants in the financial system that will help achieve net-zero emissions by 2050 and go further than government policy.

The group, which includes some of the world's largest private equity and infrastructure firms, pledges to share knowledge on climate-related risks and 'improve the resilience' of long-term investment portfolios.

The fund will target renewable assets in both Europe and North America and is open to further commitments from additional investors.

The firm's Global Transition Fund will invest in assets that will move the economy towards net-zero, including renewables, industrial businesses and infrastructure.

Climate initiatives by GPs tend to be about sharing good practice rather than systemic assessments across the portfolios, says Stephen Barrie, the pension's deputy director of ethics and engagement.