Pensions for Purpose’s Post

We are living with unprecedented global change; consequently asset owners are increasingly revising their portfolio strategies to address the pressing realities of climate change and social inequality. These systemic risks pose significant challenges to pension schemes. Join our online all-member event on 16 July at 14:00 BST to hear industry leaders discuss practical approaches long-term investors can use to improve the system and reduce the risks to their members and fund. We are delighted to welcome our panel speakers Nick Spencer of Gordian Advice, Sanjay Joshi of Hymans Robertson, Robert Gardner of Rebalance Earth and Sean Gilbert of The Global Impact Investing Network. #SystemicRisk #ClimateChange #PensionsforPurpose https://ow.ly/6fAB50SkHfN

We are living with unprecedented global change; consequently asset owners are increasingly revising their portfolio strategies to address the pressing realities of climate change and social inequality. These systemic risks pose significant challenges to pension schemes. Join our online all-member event on 16 July at 14:00 BST to hear industry leaders discuss practical approaches long-term investors can use to improve the system and reduce the risks to their members and fund. We are delighted to welcome our panel speakers Nick Spencer of Gordian Advice, Sanjay Joshi of Hymans Robertson, Robert Gardner of Rebalance Earth and Sean Gilbert of The Global Impact Investing Network. #SystemicRisk #ClimateChange #PensionsforPurpose https://ow.ly/6fAB50SkHfN

Come hear me speak about systemic risks and how asset owners can tackle them :-)

It was great to see so many mallowstreet community members at the Impact Indaba yesterday. Jacqueline Amy Jackson, Chief Sustainability Officer at London CIV, gave us a comprehensive overview of where we are today and showed how the impacts of climate change are already disrupting security, sustainability and profitability of businesses. She argued that “those who fail to learn from history are doomed to repeat it”, and set the challenge for us not to make that mistake. Marian D’Auria, Global Head of Risk & Sustainability at GFG Alliance and Keith Guthrie, Head of Sustainability at Cardano, picked up the conversation by addressing a number of questions head on: ·       What is your definition of impact investing? ·       Can impact investing be an asset class in its own right? Or is it a style of management of other asset classes? ·       How can impact investing investment opportunities help the world build resilience and also help build resilience within your portfolios? ·       What are the risk associated with impact investing? ·       How do you address the risk of ‘impact washing’? Using evidence and case studies including examples from pension funds currently active in investing across a range of sectors in the UK, Mark Hall from the Impact Investing Institute took on the following questions: ·       What is place-based impact investment? ·       Why should pension funds consider investing in place-based impact in the UK? ·       How are pension funds investing in UK places responsibly as part of diversified portfolios? We closed the day with a fantastic talk from Aaron Punwani, CEO at LCP. Aaron talked about how a radical rethink of fiduciary duty is needed for trustees to take action on climate change. It was a compelling message that prompted lots of questions and a broader discussion with the audience. Thank you for everyone who attended, and for all of your questions and insights throughout the day. What were your main takeaways from the mallowstreet Impact Investing Indaba? #pensions #impactinvesting #purposecapital #innovation #education #relationships #sofi

When you meet other sustainability leaders in person, addressing the most complex problems even when you have different views, can be approached with a sense of positivity and fun. Do look out for tumelo's paper on the use and challenges of client-directed #voting. Excited to see more asset owners taking ownership of their #stewardship of capital on behalf of pension savers. I think there is still a lot we don't know about client-directed voting and more research is needed about (1) the effectiveness of it, (2) meaningful interventions to increase alignment between asset owners and investment managers, and (3) comparing the effectiveness of different asset owner interventions e.g. 'expression of wish', as used by Aegon UK, to support member outcomes. Anyways, take a read and let me have your thoughts. Link to the doc in comments. Michael Marks - Legal & General Investment Management (LGIM) Jane Nicholls - Redwheel Siobhan Archer - LGT Wealth Management James Lawrence, CFA - Smart Pension Georgia Stewart Alasdair Kinloch Edd Micklem Rossie Mayhew Iskandar Suhaimi #responsibleinvestment #sustainability

Sharing industry thought leaders' perspectives on the evolution of #ESG over the past 20 years and the future of sustainable investing. Georges Dyer, Christopher Ailman, Steve Falci, and others share the history of ESG, assess its current successes and shortcomings, and offer perspectives on the future of sustainable investing. Read article: https://bit.ly/3XTvNY9 #SustainableInvesting CalSTRS Impax Asset Management Pensions & Investments

World largest assets management company, we can learn lot from history

Impact funds are gaining momentum in today's dynamic investment landscape, reshaping how we invest by prioritising positive social and environmental outcomes alongside financial returns. Join us on 6 December, at 10:00-11:30 GMT, as we dive into how these funds, both in the private and public markets, measure up against traditional investments. #ImpactInvestment #SustainableFinance #PensionsforPurpose https://ow.ly/iELU50Q7NMt

I met Sandra (Sandy) Boss soon after she joined BlackRock in 2020. The firm is the world's largest asset manager and currently has $9.1 trillion in assets under management. The majority of this is in index funds but it also has $2.4 trillion in active mandates and $300 billion in alternatives. Given its size, BlackRock has found itself the political target of both the left and the right, each unhappy for different reasons. In short, the left thinks BlackRock isn’t “doing enough” to address systemic issues such as climate change and inequality. The right thinks BlackRock is “doing too much” and is enforcing a liberal political agenda on its portfolio companies. Needless to say, in my own work I’ve read a lot from both sides of the debate, some arguments better formed and articulated than others. In this context, I thought it would be useful to reconnect with Sandy to hear how the firm thinks about these issues. I asked Sandy if she’d be willing to do an interview with me and she kindly agreed. In our interview we discuss BlackRock’s fiduciary duty to its clients' best long-term interests. This involves a careful analysis of material risks (both "mega forces" and company and industry specific issues), backed by research, and recognizing that its clients have diverse preferences and investment objectives. We also discuss the energy transition and the BlackRock Investment Institute Transition Scenario (BIITS) which leverages its Aladdin tech platform. The work of BIITS shows that: (1) The low-carbon transition is complicated and is unfolding at different speeds across sectors and regions of the world. (2) The complicated nature of the transition means finding investment opportunities requires understanding the shifts and where they’re priced in. (3) There are some emerging themes which represent areas of opportunity such as climate resilience, emerging markets, and infrastructure. (4) Given the capital-intensive nature of the low-carbon transition, the transition is likely to contribute to inflationary pressures over the next decade. At the end of our interview I learned that Sandy is re-reading Thorstein Veblen's "The Theory of the Leisure Class" published 125 years ago. I remember that book from my days getting my Ph.D. in Sociology at Harvard. Funnily enough, a friend also just mentioned it to me. Sounds like it's time for me to re-read this book as well 🐥. https://lnkd.in/dm7X9HEK

Dive into exclusive conversations with top finance leaders, including experts from public pension plans, nonprofits, and renowned consultant firms. Gain holistic perspectives on impact investing, risk management, and mission alignment in the finance world. Meet the Experts: 👤 Karl Scheer, CIO at the University of Cincinnati 👤 Andrew J. Spellar, CIO of Fairfax County Retirement Systems 👤 John Balbach, Director of Impact Investments at MacArthur Foundation 👤 Rose Dean, CFA, Senior Consultant at NEPC, LLC 👤 Amy Hill, V.P. of Investments and Administration at Polk Bros. Foundation Key Takeaways: 🚀 Insights on diverse perspectives in finance 💼 Expert advice on catalytic capital and mission alignment 🌐 Perspectives on strategic growth and risk management 🤝 Aligning investment portfolios with mission-driven goals 💰 Opportunities in fixed-income and private credit markets 📈 Understanding the evolving institutional investment landscape Go Beyond with FIN Searches: 📚 Access enriching dialogues and comprehensive profiles 🤝 Connect with key contacts and industry leaders 🏢 Explore detailed consultant firm profiles and mandates 🔍 Review the latest investment mandates 💪 Empower your investment journey with the latest insights and data Don't miss out on these impactful insights! Read the full article here: https://lnkd.in/gkQkChWx #FinanceInsights #InvestmentLeaders #InstitutionalInvesting #FinanceExperts #FinanceNews