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ESG Newsletter

    Blackstone Hires Global Head of ESG for Private Equity

    2021-10-07

    Business Wire: Blackstone announced that Amisha Parekh has joined the firm as Global Head of ESG for Private Equity. Ms. Parekh will be a Managing Director sitting within the firm’s Portfolio Operations group to lead ESG diligence, policy development and strategy, and reporting for all businesses in our Private Equity reporting segment. 

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    Al Gore’s $36 Billion Fund Sees New Urgency to Cut Off Oil Money

    2021-10-06

    BNN Bloomberg: Five years. That’s roughly how much time the investment universe has left to stop feeding capital to greenhouse-gas emitters before it’s too late, according to the co-founder of Generation Investment Management LLP. 

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    Deutsche Bank’s DWS Orders Fresh Probe Into ESG Greenwash Claims

    2021-10-06

    BNN Bloomberg: Deutsche Bank AG’s asset management unit is starting a fresh review into greenwashing claims by a whistleblower, as regulatory probes in the U.S. and Germany continue. 

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    Why Canadian Companies Are Preparing for A Wave of ESG Cases Coming Their Way

    2021-10-06

    Financial Post: The international trend, after all, is undeniable: according to the Sabin Center for Climate Change Law at Columbia Law School, more than 1,385 lawsuits seeking relief from climate change, which is but one aspect of ESG litigation, have been filed in the U.S. And more than 425 have surfaced in other countries, including Canada, France and Britain.

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    Inclusion & Integration of Gender Lens Investing

    2021-10-04

    Private Equity Wire: Globally, Gender Lens Investing (or GLI) is gaining interest as more investors and financial institutions are adopting this as part of their investment strategy. Gender Lens Investing is very simply, an investment strategy that factors in gender analysis to advance equality and redress the gender imbalance within businesses.

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    He Helped Start the ESG Movement. Now He Wants to Fix It.

    2021-10-01

    BNN Bloomberg: Steve Lydenberg’s passion for social change was inspired by anti-Vietnam War demonstrations, consumer boycotts, and the movement to divest from apartheid South Africa. But he didn’t take to the streets. Instead, Lydenberg turned to the world of finance to help catalyze societal change.

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    Private Equity Industry Establishes First-Ever LP and GP Partnership to Standardize ESG Reporting

    2021-09-30

    Globe Newswire: Leading global general partners (GPs) and limited partners (LPs) today announced the creation of the ESG Data Convergence Project to advance an initial standardized set of ESG metrics and mechanism for comparative reporting.

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    America’s Top Foundations Overwhelmingly Invest Their Assets Through White Male-led Firms, but A New Study Sees Growing Commitment to Diversity

    2021-09-30

    Knight Foundation: New study reveals that 30 of the 55 largest foundations are currently investing one in six dollars of their total U.S.-based financial assets with diverse-owned asset management firms.

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    Billionaire Ray Dalio On Climate Change: ‘It Worries Me. I Worry for Man’

    2021-09-30

    CNBC: Dalio, 72, stepped down as co-CEO of hedge fund Bridgewater Associates in 2017. Since then, the billionaire’s ventures have largely refocused on sharing knowledge with younger generations, ranging from people management software company Principles to OceanX, a New York City-based ocean research and exploration nonprofit that Dalio co-founded with his son Mark in 2018.

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    Financial Returns Are Fuelling ESG Boom As Banks Scramble to Make Sustainability Gains

    2021-09-30

    Institutional Asset Manager: Financial return is the top driver for ESG financing decisions for 800 of the largest companies globally, with one in every four (25.3 per cent) citing it as the key motivation, according to a new report.

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