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ESG Newsletter

    Asset Managers Must Drive ESG Transparency

    2021-05-17

    The Asset: While the focus on environmental, social and governance (ESG) investing has been gathering momentum in recent years, 2020 saw the dialogue pivot from interest to allocations, with substantial inflows into a range of ESG products.

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    Central Bank Portfolios Worth $3.8 Trillion Look to Go Green

    2021-05-17

    BNN Bloomberg: Central banks are increasingly interested in environmentally sound and socially responsible investment, with 43% of respondents to the HSBC Reserve Management Trends survey for 2021 saying they’d bought green bonds.

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    Boards Are Adding More Women and Minorities Ahead of Nasdaq Rule

    2021-05-14

    Yahoo Finance: The pressure is on for boards to diversify, and it’s working. Since last June, 145 S&P 500 companies have added at least one Black director, a “brisk” pace compared to past years, according to recruiter Russell Reynolds Associates. Latino board appointments at public companies quadrupled from a year ago, and women, for the first time, hold almost a third of all seats on the S&P 500. Only one major U.S. initial public offering debuted with an all-male board last year.

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    Citadel Securities, KKR Bosses Back Asian American Foundation

    2021-05-13

    BNN Bloomberg: Executives from Citadel Securities LLC and KKR & Co. are throwing their weight behind a new group that aims to combat anti-Asian hate after a surge in violent attacks.

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    Solving VC’s ESG Puzzle

    2021-05-13

    World Positive: This is a common question that comes our way — from venture firms, limited partners, academics, and the media — and the answer is, well, not so obvious despite a craving for simplicity.

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    US Investment Consultants Form Joint Working Group to Advance Sustainable Investing

    2021-05-12

    Institutional Asset Manager: Fourteen institutional investment consulting firms in the US, with worldwide assets under advisement totalling more than USD33 trillion, have established the Investment Consultants Sustainability Working Group – US (ICSWG-US), with the aim of promoting and improve sustainable investment practices across the investment industry.

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    HSBC Has Stakes in Firms That Plan More Than 70 New Coal Plants

    2021-05-12

    The Guardian: A loophole in HSBC’s pledge to phase out financing for coal by 2040 will allow the bank to support companies with plans to build more than 70 new coal plants, which could cause an estimated 18,700 deaths from air pollution a year, according to a report.

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    Wall Street’s Grip on Secret Harassment Hearings Starts to Crack

    2021-05-12

    BNN Bloomberg: Activists seeking to end secret hearings for harassment complaints against banks claimed a victory of sorts last month when they got almost half of Goldman Sachs Group Inc. shareholders to back their proposal.

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    Mental Wellbeing "Overlooked" by Asset Management Firms, Finds Report

    2021-05-11

    Institutional Asset Manager: Asset management firms have been accused of overlooking the wellbeing of their employees as a recent survey from Howden reveals that most firms have no strategy in place for addressing issues including mental health and work/life balance.

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    London Under Threat? How an ESG Focus Can Hold the Key to Maintaining its Dominance

    2021-05-11

    Funds Europe: Robert Murphy, managing director at Edison Group, considers the UK’s financial policy post-Brexit now that London is under scrutiny - and says that creating an ESG hub might give the UK a better chance to assert itself as an investment powerhouse.

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