Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
Institutions in Australia and Japan are making good progress on achieving targets for gender parity, but there is still work to do in the region, including in Hong Kong.
Pension funds such as Hesta and CSC want to add infrastructure assets but Australia is fast becoming less fertile ground for such investments, especially those with an ESG element.
AMP accused of undervaluing businesses in sale; China insurers' stock buying rules to be eased; HK MPF returns sour; NPS premiums likely to climb, GIC adds to board, and more.
Hesta Industry Super Fund won an Institutional Excellence Award having shown its commitment to socially responsible investing and how this can lead to long-term, sustainable performance.
Gary Gabriel of Hesta says Australian super funds are assessing whether they should hold bonds to maturity, given that these instruments cannot now provide enough yield to match liabilities.