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ESG Newsletter

    Trillion-dollar ESG Boom Rings Bubble-trouble Alarm In New Study

    2021-10-28

    Financial Post: Research from the Swiss Finance Institute argues stocks highly rated on environmental, social and governance metrics have outperformed in recent years all thanks to the trillions of dollars flooding the sector. The fundamentals of socially responsible investing have played no role in driving these returns.

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    ESG Factors of Increasing Importance to Institutional Investors

    2021-10-28

    Institutional Asset Manager: The inaugural ‘Responsible Capitalism’ survey, conducted in September 2021, found that for most institutional investors (88 per cent), ESG factors play a central role when making long-term investment decisions and are seen as more important than traditional financial metrics.

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    Companies Failing to Act on ESG Issues Risk Losing Investors, Finds New PwC Survey

    2021-10-28

    PwC: Environmental, social and governance (ESG) factors increasingly drive investment strategies, and new research from PwC finds ESG has now become a make-or-break consideration for leading investors globally.

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    Hedge Funds Split Over ESG Ahead of COP26 Climate Summit

    2021-10-27

    Hedge Week: Just over half – 53 per cent – of fund managers surveyed by Hedge Fund Research said they incorporate ESG factors or risks into their investment process – a total of 687 managers – while 47 per cent, or 609 fund managers, said they did not.

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    Your ESG Fund Might Be Invested In Facebook—and It Highlights A Major Issue with Sustainable Investing

    2021-10-26

    CNBC: Facebook has been aware of real-world harms propagated by its platforms and ignored warnings from employees about those dangers, according to the Facebook Papers, a series of articles published by 17 U.S. news outlets.

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    Women Were Scared of Working at Blackstone, Schwarzman Says

    2021-10-26

    Yahoo News: Blackstone Inc. had trouble recruiting women until it asked why the prospect of joining the firm was turning them away, co-founder Stephen Schwarzman said at Saudi Arabia’s flagship investment conference.

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    One of World’s Biggest Pension Funds to Stop Investing In Fossil Fuels

    2021-10-26

    The Guardian: One of the world’s largest pension funds, ABP, is selling its €15bn-worth of holdings in fossil fuel companies, including Royal Dutch Shell, claiming it had been unable to persuade the sector to transition quickly enough towards decarbonisation.

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    The Senior Investment Role That’s Dominated by Women

    2021-10-26

    Institutional Investor: In October, Hughes was appointed to her current role, a new position that Schroders added as a part of a firm-wide effort to expand its sustainability investment team. Her appointment coincided with several other senior hires and promotions, including the appointments of Margot Von Aesch to head of sustainable investment management and Kimberley Lewis to head of active ownership, according to a press release.

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    Big Banks Haven't Quit Fossil Fuel, with $4 Trillion Since Paris

    2021-10-25

    BNN Bloomberg: As executives from JPMorgan Chase & Co., Citigroup Inc., Deutsche Bank AG and other lenders prepare for the most important UN climate summit in six years, their companies continue to help provide almost as much money for fossil fuels as for green projects.

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    SEC’s Lee Seeks Global Action On Climate Disclosure

    2021-10-22

    Corporate Secretary: SEC commissioner Allison Herren Lee has called for organizations around the world to work together in determining how companies report on the risks of the climate crisis.

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