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Philippines: Report alleges 'opaque investments' in coal projects that are causing environmental & social harms; some investors respond

The report, "Broken Promises: The World Bank, International Investors and the Fight for Climate Justice in the Philippines," raises serious allegations concerning various companies' support of coal power plan projects in the Philippines through 'opaque' investments' that are causing 1) derailment of international efforts to limit global temperature, 2) forcible displacement of people living near plant sites, 3) dangerous air and water pollution, and 4) threats, harassment, and even murder of environmental defenders.

Business & Human Rights Resource Centre invited 19 investor-companies to respond. These were: 1) Alaska Permanent Fund 2) APG Asset Management 3) AMF Pensionsforsakring AB 4) BlackRock 5) British Columbia Management 6) Caisse de Depot et Placement du Quebec 7) Canada Pension Plan Investment Board 8) Forsta AP-Fonden 9)  Pensions Myndigheten-Sweden 10) Government Pension Investment Fund of Japan 11) Norges Bank Investment Management12) Nuveen LLC 13) Oregon Public Employees Retirement System 14) PGGM Vermogensbeheer B.V. 15) CalPERS 16) State of Wisconsin Investment Board 17) Texas Permanent School Fund 18) Vanguard Group, and Cathay United. 

The following investor-companies sent responses and these are linked below: APG Asset Management, Cathay United, AMF Pensionsforsakring AB, Canada Pension Plan Investment Board, and Norges Bank Investment Management. The other investor-companies did not respond.

Company Responses

Alaska Permanent Fund

No Response

BlackRock

No Response

British Columbia Investment Management

No Response

Caisse des Dépôts

No Response

Canada Pension Plan Investment Board View Response
Cathay United View Response
Forsta AP-Fonden

No Response

Pensions Myndigheten -Sweden

No Response

Government Pension Investment Fund of Japan

No Response

Norges Bank Investment Management (NBIM) View Response
Nuveen

No Response

Oregon Public Employees Retirement System

No Response

CALPERS

No Response

State of Wisconsin Investment Board

No Response

Texas Permanent School Fund

No Response

Vanguard

No Response

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