(3BL Media/Justmeans) - We are living as if we have an extra planet at our disposal, using 50 percent more resources than the Earth can give us. By 2030 not even two planets will be enough for us. That’s the bottom line from a World Wildlife Fund (WWF) report in 2012.
FROM THE EDITOR
Pension Plans Pull Out of Hedge Funds
$4 billion. That’s how much investment the California Public Employees’ Retirement System, the largest U.S. public pension plan, is pulling out of hedge funds over the next year. The second largest U.S. public pension plan, the California State Teachers’ Retirement System, is reviewing its hedge fund investment of $700 million, which earned 0.13% last year, the lowest of all its asset classes. Public pensions moved into hedge funds with the idea that larger gains would avoid the need for bigger contributions from their employee-members and prevent the reduction of retirees’ benefits. It hasn’t worked out that way. Hedge funds have underperformed the S&P 500 stock index for the past five years, and hedge fund fees are high. Investments that focus solely on profit are turning out to be less than profitable.
John Howell, Editorial Director
News & Blogs
(3BL Media/Just Means) - Renewable energy, investment in communities, human rights and donations to philanthropic non-profits. These are some of the actions that banking company KeyCorp, a provider of services to the payments and retail industries, is taking to promote sustainability and social responsibility. The variety in KeyCorp’s portfolio is one of the highlights of the company’s newly released CSR report, which outlines its approach to three areas: banking, citizenship and operations.
(3BL Media/Justmeans) – Nearly 840 U.S. colleges and universities have endowments to the tune of $415 billion, according to Bloomberg News. Making investments in sustainability must be a priority for the universities, not just to support a more sustainable world, but also to live up to the values that most of the universities themselves espouse.
(3BL Media/Justmeans) - When we think of the positive images of India, words like colour, food, landscape, architecture, art, and Bollywood may spring to mind. The word “science” probably does not pop up. Yet, India is one of the top-ranking countries in the field of basic research and Indian science has come to be regarded as one of the most powerful instruments of growth and development.
(3BL Media/Justmeans) – The Dow Jones Sustainability Indices (DJSI) follow a best-in-class approach to measure the performance of the world’s sustainability leaders. Only companies that lead their industries based on a comprehensive assessment of long-term economic, environmental and social criteria are included in the indices. The indices provide a transparent system to enable global investors and other stakeholders to learn about the sustainability performance of leading companies.