Tag Archives | risk

Norges Bank: Responsible Investment

Norges Bank responsible-investment-2015Norges Bank published their second annual report on responsible investment of the Government Pension Fund Global. They clarified expectations towards companies in 2015 and are creating a model I hope many will follow

The report provides a comprehensive review of work by Norges Bank on responsible investment in the management of the fund. Key areas of this work include developing and promoting international standards and principles, expressing expectations towards companies, and being an active owner.

Norges Bank expects companies to address a broad set of long-term risks in their strategies, investment plans, risk management and reporting.  They updated expectations with regard to children’s rights, water management and climate change in 2015, and today they are also publishing their expectations for how companies manage human rights. Monitoring environmental, social and governance risks in the portfolio is an important part of Norges Bank Investment Management’s work on responsible investment. Continue Reading →

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Rethink Resource Extraction

Norway’s Resource Extraction

Plundered Nations? Successes and Failures in Natural Resource Extraction

Plundered Nations?: Successes and Failures in Natural Resource Extraction

The Government Pension Fund Global (Norges, the Norwegian sovereign wealth fund), is one of the world’s largest funds initially funded by resource extraction.  Learn about its history, objective and management in the video clip below. The fund is saving for the future generations in Norway; where is the American equivalent?

To achieve broad exposure to global economic growth, Norges invests widely in most markets, countries and currencies outside Norway. The largest geographic exposures are to Europe and North America, followed by developed markets in Asia and Oceania and emerging markets. At the end of 2014, the fund’s holdings related to 75 countries and 47 currencies. Continue Reading →

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CIO Perspectives: Capital at Risk

Risk and ReturnHere are more of my notes and photos from the Council of Institutional Investors Fall 2015 Conference in Boston. I added the subtitle to the name of this session, which mostly explored managing risk in low-return environment but touched on many additional topics. Feel free to post corrections, counterpoints and additional relevant material on topic, using the site’s comment feature. Find more posts from the conference on this site or Twitter by searching #CIIFall2015. Continue Reading →

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Call for Papers: Critical Issues for Boards & Institutional Investors

WeinbergCtrThe John L. Weinberg Center for Corporate Governance of the Alfred Lerner College of Business & Economics at the University of Delaware will host a Corporate Governance Symposium on March 15, 2016.  The focus of the Symposium will be “Critical Issues for Boards & Institutional Investors in 2016.”  The Symposium will feature up to four academic papers on corporate governance and a panel discussion featuring speakers from the Delaware judiciary, academic, business and legal communities.  The John L. Weinberg Corporate Governance Best Paper Award will be presented during the symposium luncheon.    Continue Reading →

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Gilead Sciences (GILD): Proxy Score 41

Gilead SciencesGilead Sciences $GILD is one of the stocks in my portfolio. They are a research-based biopharmaceutical company that discovers, develops and commercializes innovative medicines in areas of unmet medical need Their annual meeting is coming up on 5/6/2015. ProxyDemocracy.org had the votes of four funds when I checked and voted on 4/28/2015. I voted with management 47% of the time and assigned Gilead Sciences a proxy score of 47. Continue Reading →

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Anadarko Petroleum (APC): Report on Carbon Asset Risk

AnadarkoThe following PX14A6G filing on a shareholder proposal at Anadarko $APC by As You Sow might be of interest to readers. I’m too busy with my own proposals to make all the links work and to neaten up this post but you can find them in the original filing here.

I suspect we will see many more proposals like these in future. I think there are risks in carbon investments to both inhabitants of Earth and individual portfolios, so have sold just about everything in my portfolio in that sector, preferring alternative energy and biosciences. I like what As You Sow is doing and for a while I was trying to invest in “best-in-class” carbon companies… hoping to see more transition their investment to renewables. Unfortunately, what I found was mostly just greenwashing efforts. There is certainly much to be said for investors, like As You Sow, hanging in there and pushing from the inside. I applaud their efforts.  Continue Reading →

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OECD’s Draft Updated Principles Support Proxy Access

OECDThe OECD is inviting public comment on its draft updated Principles of Corporate Governance – last updated in 2004. These principles (first published in 1999) have long been among the most influential sources of corporate governance guidelines for regulators, stock exchanges, investors and companies world-wide, and continue to be referenced as a benchmark for good governance practices.

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Violating Indigenous Peoples’ Rights Increases Industry Risks

A new report finds that US extractive companies expose shareholders to risks by neglecting Indigenous Peoples’ rights

First Peoples Worldwide

Sustainable, Responsible, Impact InvestingFirst Peoples Worldwide released the Indigenous Rights Risk Report at the SRI Conference on Sustainable, Responsible, Impact Investing, a product of two years of consultations with investment analysts, industry professionals, and Indigenous Peoples. The report analyzes 52 U.S. oil, gas, and mining companies with projects operating on or near Indigenous territories around the globe, impacting some 150 Indigenous communities. These projects were assessed against five indicators (Country Risk, Reputation Risk, Community Risk, Legal Risk, and Risk Management) to determine their risk of Indigenous community opposition or violations of Indigenous Peoples’ rights. Continue Reading →

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GMI Incorporates Trucost Data into Analyst Platform

GMI and Trucost announced a strategic partnership to incorporate Trucost environmental performance data into the GMI Analyst research platform. The agreement strengthens GMI’s existing governance analysis and will enable GMI clients – leading institutional investors, banks, insurers, auditors, regulators and corporations – to incorporate a measure of environmental risk alongside traditional financial metrics. Continue Reading →

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