ESG Newsletter

Spotlight on Investors: The McKnight Foundation

The McKnight Foundation was established in 1953 by William L. McKnight, ex-CEO of 3M. Today, the family foundation seeks to enhance the quality of life for present and future generations in the Minnesota area and beyond. In 2013, the McKnight foundation decided to invest in impact strategies and mission related investments, in addition to its grant-making program. As of Q4 2018, the foundation was investing a third of its $2.3 billion endowment in strategies aligned with its values.

The McKnight foundation's impact investing strategy requires alignment with three of the grant-making program's goals: transition to a low carbon economy, reducing agricultural pollution in the Mississippi River, and contributing to a thriving and sustainable Minnesota. Their investment portfolio is composed of a High-Impact Investments portfolio which includes program-related investments, direct private debt and equity deals, and an aligned investment portfolio which is invested in public equities and bonds.

Statement of Investment Policy

Dutch Regulator’s Pension Fund Aims for 30% Outperformance on ESG


IPE: The €2bn pension fund of Dutch financial regulator De Nederlandsche Bank (DNB) plans to fine-tune its policy on responsible investment, aiming for an investment portfolio with a 30% outperformance on ESG.


Financial Institutions Join to Fortify Responsible Finance


The Phnom Penh Post: Financial institutions in Cambodia are joining in efforts to strengthen sustainable and responsible finance, according to Oxfam in Cambodia. The goal is to achieve the UN Sustainable Development Goals (SDGs) and inclusive economic development.


KKR Tops $1 Billion Fundraising Goal for Global Impact Fund


Bloomberg: KKR & Co. exceeded the $1 billion fundraising goal for its first Global Impact Fund, according to a person with knowledge of the matter.


Wharton School Research Using Truvalue Labs Data Spots Link Between ESG, Credit Events, Credit Risk


Investment Europe: A study by Witold J. Henisz and James McGlinch of the University of Pennsylvania's Wharton School, published in the spring issue of Applied Corporate Finance, has suggested a connection between ESG performance and credit risk.


Big Money Starts to Dump Stocks That Pose Climate Risks


Bloomberg: Earlier this year, one of Meryam Omi’s deputies at Legal & General Investment Management sat down with board members and managers from Exxon Mobil Corp. to discuss how the oil giant could address climate change. LGIM, which manages about $1.3 trillion, is one of Exxon’s top 20 shareholders.


Investors Complained. Are Alts Firms Listening?


Institutional Investor: Limited partners are increasingly putting pressure on alternatives managers to improve the diversity of their firms. But recent hiring for marketing and fundraising roles, at least, suggests that these firms still have a long way to go.


Investors’ Role in Sustainable Food


Top 1000 Funds: For more than 50 years, intensively reared animals have been the main source of protein for consumers worldwide, and a major ingredient for multi-billion-dollar brands like Burger King, McDonald’s and KFC.


US Fund Managers Grapple With Socially Responsible Investing


Reuters: Asset managers are increasingly making sustainable investment decisions that reflect their own corporate values and those of their investors, but are still under pressure to deliver competitive returns as the market continues to develop and implement environmentally friendly principles.


Hundreds of Conventional Funds Add 'ESG' to Prospectus Just in Case


Investment News: If the evolving language inside mutual fund prospectuses is a guide, financial advisers should brace for an expanding selection of funds focused on environmental, social and corporate governance issues.


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