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ESG Newsletter

      KKR Appoints Chief Diversity Officer and Head of Talent Management

      2021-09-10

      Private Equity Wire: KKR has appointed Kerryann Benjamin as Chief Diversity Officer and Head of Talent Management, effective immediately. In this role, Benjamin will be based in New York and will drive KKR’s diversity, equity and inclusion (DEI) strategy, a strategic priority for the firm, as well as KKR’s global talent development strategy.

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      Harvard's US$42 Billion Fund Will Stop Investing In Fossil Fuels

      2021-09-10

      Financial Post: Harvard University will stop investing in fossil fuels and instead use its giant US$42 billion endowment to support the green economy, joining a growing wave of investors moving away from pollutive industries.

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      SEC Crackdown on ESG Could Force Fund Managers to More Clearly Define Rules

      2021-09-09

      ESG Channel: U.S. regulators are cracking down on socially responsible investments that track factors like environmental, social, and governance principles for sustainable investing strategies that only appear sustainable in name only.

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      Investment Managers Want Companies with Sustainable Supply Chains

      2021-09-08

      Institutional Asset Manager: The report, published today, assesses supply chain sustainability through the lens of the investment manager. The research found that over eight in 10 (85 per cent) investment managers believe that businesses who do not implement supply chain sustainability initiatives will see share prices fall as a result over the next decade.

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      Investors with USD2.3tn In Assets Demand Standardised Environmental Data from Private Companies

      2021-09-08

      Private Equity Wire: A trend towards the privatisation of high-carbon assets, such as BP’s sale of its Alaska Oil and Gas business to Hilcorp Energy, risks diminishing transparency and performance on ESG issues since private companies do not have to comply with the reporting requirements of a listed entity. 

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      Wall Street's ESG Loans Charge Corporate America Little for Missed Goals

      2021-09-08

      Financial Post: When American Campus Communities Inc. announced the signing of a $1 billion sustainability-linked credit line in May, its executives decided to take a victory lap.

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      Infrastructure Giant in Australia Maps Out Carbon Reduction Plan

      2021-09-06

      BNN Bloomberg: One of Australia’s biggest infrastructure investors has pledged to almost halve carbon emissions across its portfolio of toll roads, airports and oil pipelines by the end of this decade as the global asset management industry steps up commitments to tackling climate change. 

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      Schroders Among Asset Managers Failing to Make Best Practice List

      2021-09-06

      Financial Post: BlackRock, Fidelity and M&G are among 125 firms endorsed under Britain’s tougher best practice code to stop “greenwashing” by asset managers, though Schroders and 63 others failed to make the grade, the Financial Reporting Council said.

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      US Institutional Investors Aim to Hire More Diverse Asset Managers Over Next Year

      2021-09-06

      Institutional Asset Manager: The Council on Foundations and Commonfund Institute surveyed 260 private and community foundations and endowments in the US, representing USD115 billion in assets.

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      SEC Chairman Gensler Orders Review of Funds’ ESG Disclosures

      2021-09-02

      BNN Bloomberg: The U.S. Securities and Exchange Commission is considering more stringent disclosure requirements for investment funds amid concerns that some in the industry are making unfounded ESG claims.

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