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ESG Newsletter

      Comptroller Lander Sends Letter to BlackRock CEO Larry Fink Demanding Stronger Action Toward Net Zero Emissions Reduction Across Portfolio

      2022-09-22

      Comptroller: New York City Comptroller Brad Lander shared a letter to BlackRock, Inc. Chief Executive Officer Larry Fink to express growing concern that BlackRock’s investment actions do not align with its climate commitments, and to request immediate action by BlackRock to address these contradictions. 

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      Republicans Warn Bank CEOs to Steer Clear of Social, Cultural Issues

      2022-09-22

      U.S. News: The heads of the nation's largest banks faced pointed criticism from Republicans complaining the firms are inappropriately taking liberal stances on social and cultural issues.

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      NAIC and UBS Partner to Support Diverse Alternative Asset Managers

      2022-09-22

      Cision: The National Association of Investment Companies ("NAIC"), the largest network of diverse-owned alternative investment firms, and UBS, the leading global wealth manager, announced an agreement whereby UBS will become a Platinum Sponsor of NAIC in support of the firm's Inclusive Investing offering.

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      Norwegian Sovereign Wealth Fund Adds 9 Firms to Exclusion List

      2022-09-22

      Chief Investment Officer: Norges Bank, Norway’s central bank and manager of its $1.2 trillion Government Pension Fund Global, has added nine companies to its exclusion list for reasons including producing tobacco products and cannabis for recreational use and contributing to severe environmental damage, according to a press release.

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      HSBC Fund Arm Toughens Thermal Coal Policy to Curb Climate Change

      2022-09-22

      U.S. News: HSBC Holdings Plc told Reuters it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader commitment it made last year.

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      8 Climate Activists Arrested at Vanguard Headquarters in Malvern

      2022-09-22

      Whyy: Eight climate activists were arrested at the Malvern headquarters of Vanguard, one of the largest mutual fund investment firms. Members of the Earth Quaker Action Team (EQAT) and Extinction Rebellion Philly say Vanguard should be using more of its economic muscle to actively disinvest in companies contributing to global warming, including Big Oil producers like Exxon and Chevron.

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      Brookfield Plans Over $2 Billion Investment in India Renewables

      2022-09-22

      BNN Bloomberg:  Brookfield Asset Management Inc. will infuse more than $2 billion into Indian renewable projects to tap the booming clean energy investment opportunity in the fossil fuel-driven economy.

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      Former SEC Commissioner Argues Against Asset Manager Blacklists

      2022-09-21

      Institutional Investor: Paul Atkins, former SEC Commissioner, is not a fan of the recent moves by Republican-led states to blacklist asset managers because they consider environmental, social, and governance factors when investing.

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      Blackstone Pledges to Hire 2,000 Refugees at Portfolio Companies

      2022-09-20

      Wealth Management: Blackstone Inc. vowed to hire 2,000 refugees across its portfolio companies and real estate properties worldwide, including 1,500 in the US.

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      Pensions Push Back at ‘Ridiculous’ DeSantis-Led Attacks on ESG

      2022-09-16

      BNN Bloomberg: After watching key GOP figures launch an all-out political attack on ESG, senior officials from the $57 trillion global pension industry are speaking out against the risks such an agenda poses to long-term savings.

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