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ESG Newsletter

    Carlyle to Tie CEO Pay, Worker Bonuses to Diversity Goals

    2021-05-11

    Yahoo News: Carlyle Group Inc. is the latest company to tie compensation of its chief executive officer to the firm’s performance on certain diversity and inclusion goals as corporate America tries to make good on promises to boost underrepresented talent.

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    Wealth Firms Must Show ESG Commitment to Grow, Says JD Power

    2021-05-07

    Wealth Professional: Full-service wealth management firms that want to maintain their business today and ensure its growth tomorrow must be unequivocal about their commitment to ESG investing, according to a new survey from J.D. Power.

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    Climate Adaptation Should Be a Public Good, Not an Asset Class

    2021-05-07

    BNN Bloomberg: In the run up to the 2020 U.S. election, a meme started making the rounds on Twitter. “Transport is climate policy,” someone would tweet above an article about subway improvement. “Childcare is climate policy,” they’d say about a paid maternity leave proposal. The quip applied to almost everything—even voting by mail.

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    The Pandemic Caused a ‘Major Step Back’ for Women in Financial Services

    2021-05-06

    Institutional Investor: For women in the financial services industry, the Covid-19 pandemic exacerbated the challenges they face in their jobs, resulting in a significant exodus from the field. 

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    London Named a World Leader in ESG by Global Institutional Investors

    2021-05-05

    Institutional Asset Manager: In a major vote of confidence in London’s overall attractiveness as a top investment destination, a poll of global institutional investors shows that the city is leading the world in acceleration and adoption of the ESG agenda.

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    CarVal Investors Lines Up $490 Million for Clean-Energy Fund

    2021-05-05

    Yahoo News: CarVal Investors, a global alternative investment manager, lined up $490 million in commitments for a clean energy fund as investors flock to the fast-growing renewables space.

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    Green Bonds Are Most Popular Sustainable Fixed Income Investment Among Institutional Investors, Says NN IP

    2021-05-05

    Institutional Asset Manager: Sustainability as an investment theme looks set to be a permanent feature of the asset management landscape. One sustainable asset class that is gaining increasing prominence is ‘green bonds’, or bonds in which the proceeds must be spent on projects that support the environment. But how keen are investors to “greenify” their portfolios?

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    BlackRock Backed Climate Proposals, But Key Votes Are Yet to Come

    2021-05-05

    Yahoo Finance: BlackRock Inc. disclosed that over the first three months of the year, it voted for a majority of shareholder proposals advocating sustainability-related changes at the companies whose shares it holds. But with key votes looming at major polluters, including oil heavyweight Exxon Mobil Corp., activists say that the firm’s true climate commitments haven’t yet been tested.

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    No Evidence That ESG Strategies Outperform, Says Scientific Beta Research

    2021-05-04

    Institutional Asset Manager: In a new research paper, "Honey, I Shrunk the ESG Alpha": Risk-Adjusting ESG Portfolio Returns, Scientific Beta researchers examine equity strategies that exploit information in ESG ratings, following several papers that suggest that these strategies lead to outperformance.

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    Blackstone Asks its Companies to Regularly Report on Sustainability

    2021-05-03

    Nasdaq: Blackstone Group Inc BX.N has for the first time asked executives in companies controlled by its private equity arm to regularly report on environmental, social and governance (ESG) matters to their boards, according to a letter seen by Reuters.

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