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The Brief: Inclusive real estate in Philadelphia, community solar in NYC, scaling edtech in India, regulating greenwashing, insurgents at Exxon

The Brief: Inclusive real estate in Philadelphia, community solar in NYC, scaling edtech in India, regulating greenwashing, insurgents at Exxon
impactalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from impactalpha.com Daily Mail and Mail on Sunday newspapers.

NY State Pension Commits to $400 Million in Sustainable Investments

The majority of commitments were for the world’s largest dedicated greenfield renewable energy fund. The $247.7 billion New York State Common Retirement Fund has committed approximately $400 million to two funds as part of its Sustainable Investments and Climate Solutions (SICS) Program. The commitments are part of New York State Comptroller Thomas DiNapoli’s climate action plan to lower investment risks from climate change and help shift the pension fund to net-zero greenhouse gas emissions within the next 20 years. “While climate change poses investment risks, it also creates opportunities for the state pension fund to invest in the companies and funds that are best positioned for the low-carbon future,” DiNapoli said in a statement. “The commitments we announced today aim to take advantage of the growth in climate investing and to strengthen our portfolio for the long-term.”

Church Commissioners to Reduce Carbon Emissions by 25% by 2025

Church Commissioners to Reduce Carbon Emissions by 25% by 2025 The fund said it will achieve this mainly through its public equities and real estate portfolios. The Church Commissioners for England is aiming to reduce carbon emissions in its fund by 25% by 2025, mainly through its public equities and real estate portfolios.  That goal is based on a 2019 baseline, the fund said this week. The $12.1 billion investment manager will also reduce emissions across its other portfolios as reliable climate-related data becomes available. “Real action is necessary to respond to the climate emergency,” Tom Joy, chief investment officer at the Church Commissioners for England, said in a statement. “This 25% reduction in carbon intensity will be the first step in getting there.” 

Real Assets Consultant

Real Assets Consultant The Comptroller of the State of New York, as Trustee of the New York State Common Retirement Fund (CRF), seeks proposals from qualified firms to provide Real Assets Consultant Services for the CRF. Deadline for receipt of proposals is May 24, 2021 at 4:00 pm ET. The deadline for Submission of Written Questions is April 26, 2021 4:00 pm ET. Additional information about this RFP may be obtained on the Office of the State Comptroller’s website

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