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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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      Governance Outranks Climate in Pension Scheme Members’ ESG Priorities, Finds LGIM

      2021-09-02

      Institutional Asset Manager: The UK’s largest asset manager, Legal and General Investment Management (LGIM), has analysed the votes of individual members in its DC pension schemes. 

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      Challenges Ahead as UK Pension Schemes Face Mandatory Climate Reporting

      2021-09-01

      Institutional Asset Manager: From 1 October, pension schemes with more than GBP5 billion in assets will be required to start reporting on the climate impact of their investments.

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      Carbon Offsets Are Next Big Bet for $3.2 Billion Tribeca Fund

      2021-09-01

      BNN Bloomberg: One hedge fund in Asia is betting big on the growing interest in carbon offsets to protect forests, as industries and policy makers start to make efforts to cut emissions.

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      Big Four Accounting Firms Rush to Join the ESG Bandwagon

      2021-09-01

      California News Times: The sustainability boom has transferred trillions of dollars to environmental, social and governance funds, bringing new stakeholder-led agendas to corporate executive offices.

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      Neuberger Berman Creates Europe ESG Role

      2021-08-31

      Funds Europe: Sarah Peasey is based in London and joins from Legal & General Investment Management (LGIM), where she was head of responsible investment strategy – investments.

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      Public Companies in Asia Make Strides in Sustainability and Governance, but Challenges Persist

      2021-08-31

      Institutional Investor: The Asia-Pacific region’s notoriously low ratings on investment research firm MSCI’s environmental, social, and corporate governance scale are beginning to trend upward. 

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      Amazon’s Biggest, Hardest-to-solve ESG Issue May Be its Own Workers

      2021-08-29

      CNBC: Amazon founder Jeff Bezos raised a few eyebrows this summer when he returned to Earth after a historic space flight in July and gave a speech thanking company employees and customers, “because you paid for all of this.″

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      Funds Holding $10 Trillion Are Told Their ESG Goals Fall Short

      2021-08-21

      BNN Bloomberg: The world’s sovereign wealth funds, representing about $10 trillion in combined assets, will end on the wrong side of history if they cling on to strategies that fail to acknowledge how rapidly the planet is overheating, according to the woman who presided over the Paris Agreement.

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