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ESG Newsletter

    California’s Public Pensions Are Major Fossil Fuel Investors

    2021-12-08

    Yahoo Finance: California’s climate-conscious policies aren’t matched by the investment choices of its largest public pension funds, according to a report from two environmental groups.

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    ESG Investing Poses No ‘Significant’ Cost to Investors

    2021-12-07

    Institutional Investor: Environmental, social, and governance investing poses little cost to investors, according to a study from researchers at Arizona State University.

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    Asset Management Industry Severely Lacking Diversity, New Knight Foundation Study Finds; Signals Untapped Opportunity for Investors

    2021-12-07

    Cision: The John S. and James L. Knight Foundation released a new study today measuring diversity in the U.S.-based financial industry revealing that only 1.4 percent of assets are entrusted by investors to asset management firms owned by women and/or people of color, despite diverse-owned firms' investment performance matching those of their less-diverse peers.

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    PE Firms Are Making Diversity Efforts, But It Will Likely Be A Long Road

    2021-12-06

    Institutional Investor: One of the least diverse industries in finance appears to be putting some real muscle behind its promises of more diversity, equity, and inclusion. 

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    Amundi US Appoints New Head of ESG

    2021-12-06

    Institutional Asset Manager: Joyce will be responsible for driving the ESG strategic direction for the US, collaborating closely with senior leadership, global ESG teams, investment management, marketing, and distribution teams across the firm globally, as well as with external industry partners, and reports jointly to Lisa Jones, President and CEO of Amundi US, and Head of the Americas, and Elodie Laugel, Chief Responsible Investment Officer, Amundi based in Paris.

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    Norway Wealth Fund Calls On Companies to Act On Climate

    2021-12-01

    Financial Post: Norway’s $1.3 trillion sovereign wealth fund will ask many of the companies in its portfolio to take more specific action on climate change, its head of governance and compliance said.

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    Blackstone, Apollo Among Holdouts Snubbing New Finance Club

    2021-11-28

    Yahoo Finance: As the dust settles on the finance industry’s most ambitious climate coalition yet, some of the biggest names on Wall Street have remained conspicuously absent.

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    The Hot New Trend For Hedge Funds Is—Finally—Female Founders

    2021-12-03

    Yahoo Finance: When Mala Gaonkar and Divya Nettimi open their hedge funds in 2022, some bankers and investors expect they could each start with $1 billion or more under management. There has never been such a large launch by a woman-led firm, never mind two in the same year.

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    ESG Investments Poised to Reach $30 Trillion by 2030

    2021-12-02

    Cision: A new report from Broadridge Financial Solutions, Inc., a global Fintech leader, reveals assets in dedicated environmental, social, and governance (ESG) mutual funds, ETFs, institutional mandates, and private funds are on track to grow from $8 trillion today to as much as $30 trillion by the end of this decade. 

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    Goldman Sachs Asset Management Ethnic and Gender Diversity Update to Proxy Voting Policies

    2021-12-02

    Institutional Asset Manager: From March 2022, Goldman Sachs Asset Management will expect companies in the S&P 500 and FTSE 100 to have at least one diverse director from an underrepresented ethnic minority group on their board.

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