Foreword The promotion of economic freedom at home and abroad is essential not only for a genuine and sustained revitalization of the U.S. economy, but also to strengthen U.S. national security. In 2010, the United States fell from the highest category of economically free countries (those with overall scores above 80) in the Index of Economic Freedom. It has been stuck in the ranks of the “mostly free,” second-tier economic freedom category ever since.
If anyone believed that the US Securities and Exchange Commission’s (SEC) release of proposed climate change-related disclosure requirements last month might have been an isolated.
By IPE Staff2021-05-14T15:07:00+01:00
A group of institutional investors have started a project to create a new assessment framework enabling investors to fairly and appropriately measure, monitor and compare sovereigns’ current and future climate change governance and performance.
The tool is being designed by a project team comprising BT Pension Scheme (BTPS) and the Church of England Pensions Board, alongside the UN-convened Net-Zero Asset Owner Alliance, (AOA); Coalition for Environmentally Responsible Economies (Ceres); the Institutional Investors Group on Climate Change, (IIGCC); the Principles for Responsible Investment, (PRI) and the Transition Pathway Initiative, (TPI), supported by Chronos Sustainability.
The team will start working on the tool in June 2021 with the aim to pilot the assessment framework, Assessing Sovereign Climate-related Opportunities and Risk (ASCOR), by the end of 2021.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Actions on Climate Change Disclosure in California and New Report Indicate Spring May Be In Like a Lion and Out Like One Too! Wednesday, April 7, 2021
On Monday, the State of California launched a new group out of Governor Newsom’s office – the Climate-Related Risk Disclosure Advisory Group just as CERES (Coalition for Environmentally Responsible Economies), a non-profit organization that has been a significant voice over the past decade on climate and sustainability economic issues, issued a report entitled,
Turning Up the Heat, The need for urgent action by U.S. financial regulators in addressing climate risk.
The California advisory group is led jointly from the governor’s office and the Stanford University Precourt Institutes Sustainable Finance Initiative. It is comprised of representatives from state government, various finance and energy finance institutions, venture capitalists, academics, and consultants. The Governor’s Office of Pl