12th August, 2021
Climate risk is a top priority for Norges Bank (NBIM), the manager of the world’s biggest sovereign wealth fund, the US$1.38 trillion Government Pension Fund Global (GPFG). While NBIM has made significant efforts to slash its carbon footprint, it still has a further journey to make even to match some of its peers – and the slow pace of transition is denying GPFG potential growth.
Subscriber Post
4th August, 2021
With the drive towards net zero, the logical way asset owners can reduce the carbon intensity of their portfolios is to simply cut out exposure to fossil fuels. It is an easy and quick way to prove sustainability, but selling assets to third parties simply reduces the asset owner’s carbon emissions with little impact on climate change.
Subscriber Post
2nd August, 2021
The infrastructure arm of Ontario’s public employees pension fund OMERS has taken a chunk of Indian renewables producer Azure Power, which is majority owned by Québec’s CDPQ. Yet, Global SWF research finds that state-owned investors are increasingly reticent about risks in the Indian renewables market, while at the same time they are being lured to developed markets where opportunities are opening up in energy transition.
Subscriber Post
29th July, 2021
The African continent is vast in size, diversity and wealth - and its SWFs need specific guidance on governance and resilience. Today, its wealth of US$ 97.9 billion is managed by 30 SWFs or sub-funds: 9 stabilization, 9 savings and 12 strategic funds. This capital is unevenly distributed, with significant differences between the North and the South of the Sahara desert.
Subscriber Post
27th July, 2021
Four leading state-owned investors have thrown their weight behind the Brookfield Global Transition Fund to invest in clean energy and bolster the Paris climate commitment of net zero by 2050.
Subscriber Post
1st July, 2021
We are pleased to present the results of the 2021 edition of our GSR Scoreboard, which has become a critical tool of analysis of Sovereign Investors’ Governance, Sustainability and Resilience efforts.
25th June, 2021
Dutch fund manager APG, which oversees the US$606 billion ABP civil service pension fund, has paid a heavy opportunity cost by maintaining exposures to fossil fuels instead diverting capital into green energy, according to research by Global SWF commissioned by Dutch environmental campaign group Fossielvrij.
Subscriber Post
17th May, 2021
OMERS has made its third major exit so far this year with the sale of its stake, alongside Canadian peer AIMCo, in the UK-headquartered Environmental Resources Management, the world’s largest pure-play sustainability consultancy, netting the fund managers a combined profit of nearly US$700 million.
Subscriber Post
14th May, 2021
QIA has joined what promises to be a gold rush in US renewables generation, buying a minority stake in US sustainable energy company Avangrid for US$740 million.
Subscriber Post
3rd May, 2021
We hereby present the results of a groundbreaking analysis linking the fund's Governance and Sustainability efforts, and their financial performance over the past six years.
Subscriber Post
29th April, 2021
The British government’s bid to “build back better” from the economic crisis sparked by the pandemic has prompted it to adopt ambitious targets for carbon reduction that will entice SOIs to participate in an expected surge of renewables projects.
Subscriber Post
22nd April, 2021
The White House’s pledge, on Earth Day, to slash carbon emissions by at least 50% is an ambition that will attract a slew of capital from the world’s State-Owned Investors, stimulating global investment in low-carbon energy generation. Global SWF looks at the latest developments in SOI policy and investment.
Subscriber Post