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ESG Newsletter

    Confronting One-Dimensional Equity Efforts Within the Investor Community

    2021-04-21 

    GreenBiz: In the aftermath of the George Floyd murder, hundreds of U.S. companies produced statements decrying racism and promoting equity and inclusion. 

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    U.S. Likely to Join Europe in Mandating Climate Risk Disclosure –John Kerry

    2021-04-20 

    Pensions & Investments: The Biden Administration is "probably going to join with Europe on mandating disclosure" of climate risk, U.S. Special Presidential Envoy for Climate John Kerry said Tuesday. [Full article available to Pensions & Investments subscribers.] 

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    So You Say You’re Divesting from Fossil Fuels? Prove It

    2021-04-19 

    GreenBizIn January, the city of New York announced with great fanfare that its massive public service retirement fund would jettison $4 billion worth of fossil fuel-related stocks and bonds. 

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    Move to Link Exec Pay to ESG Integration Growing

    2021-04-19 

    Pensions & InvestmentsNow in the second year of the COVID-19 pandemic, investors are raising expectations about companies' responses to highlighted ESG issues such as diversity and, increasingly, connecting that to executive compensation. [Full article available to Pensions & Investments subscribers.] 

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    Leading Investors Representing USD11tn Call on Banks to Set Enhanced Net Zero Targets

    2021-04-19 

    Institutional Asset Manager: A group of global investors has developed investor expectations for the banking sector through the Institutional Investors Group on Climate Change (IIGCC), calling on banking firms to set enhanced net zero targets for 2050 or sooner with interim targets to be included, scale up green finance and withdraw from projects that fail to meet Paris Agreement goals. 

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    How ESG Is Changing the Ratings Game for Financial Giants

    2021-04-18 

    Korea Herald: Under the pandemic, ESG becomes crucial element in evaluating financial firms, but tools, criteria still incomplete. 

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    Bond Giant Pimco Attempts to Change Its Culture

    2021-04-17 

    Wall Street JournalFor years, money manager Pacific Investment Management Co. wore its cutthroat reputation as a badge of honor. [Full article available to Wall Street Journal subscribers.] 

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    Spotlight on Investors: University of British Columbia Investment Management Trust

    The University of British Columbia Investment Management Trust (UBC IMANT) is responsible for the investment of the University of British Columbia’s Endowment Fund, Staff Pension Plan and Working Capital. 

    As part of its responsible investment practices, UBC IMANT requires their external managers to integrate environmental, social and governance (ESG) considerations in investment decision-making as well as corporate engagements and proxy voting decisionsAdditionally, UBC IMANT monitors managers’ responsible investment practices as well as their participation in responsible investing organizations. Moreover, UBC IMANT collaborates with peers to promote ESG integration and disclosures. UBC IMANT became a UN PRI signatory on behalf of the University of British Columbia (Endowment) in July 2020. 

    Responsible Investment Policy

    Annual Report

    Goldman Shareholders Urged by ISS to Vote Against Racial Audit

    2021-04-16 

    BNN BloombergOne of the world’s biggest proxy-advisory firms, Institutional Shareholder Services, recommended investors vote against proposals filed with Goldman Sachs Group Inc. and other companies calling for them to undergo independent racial audits. 

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    Investors Criticised Over “Action Gap” in Tackling Climate Change

    2021-04-15 

    Institutional Asset Manager: A new study by PGIM and Greenwich Associates has revealed a significant gap between investors’ beliefs and their actions when it comes to climate change risks. 

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