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Canada’s PSP Investments, which invests for the Public Sector Pension Investment Board, is under fire for greenwashing a sustainable investment in Hawaii.
Responsible Markets, a 20-year-old consulting firm in Hawaii focused on the environmental, social, and governance impact of investments, has published a detailed case study arguing that PSP’s $600 million investment through a joint venture called Mahi Pono in a former sugar plantation in Maui, Hawaii is not in accord with PSP’s own ESG standards.
The findings from the year-long research project comes as a critical mass of pensions, endowments, and other institutions publicly commit to investments that meet comprehensive ESG and sustainability goals as well as financial returns. Asset managers, especially those in the U.S, are scrambling to keep up.
farmlandgrab org | Case study casts doubt over ESG claims of Canadian pension fund PSP s major agriculture investment on Maui
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farmlandgrab org | Case study casts doubt over ESG claims of Canadian pension fund PSP s major agriculture investment on Maui
farmlandgrab.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmlandgrab.org Daily Mail and Mail on Sunday newspapers.
Relics Of Sugar s Past, Hawaii Dams Will Take Years To Fix Or Remove
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A portion of the Wailuku Water Co. water delivery system is shown. Much of the system was finished in the early 1900s and the County of Maui has been mulling plans to acquire it for years. ACM Consultants Inc. photo
While details of the county’s anticipated acquisition of Wailuku Water Co.’s system remain fluid, an official said Thursday that an agreement may be reached by next year.
“There’s a lot still in flux,” Maui County Managing Director Sandy Baz told The Maui News on Thursday afternoon. “But we should be able to send something to the council early next year.”