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ESG Newsletter

      Spotlight on Investors: Inspirit Foundation

      Founded in 2012 with the proceeds of the sale of Vision TV, the Inspirit Foundation aims to promote inclusion and pluralism through media and arts, specifically addressing discrimination based on ethnicity, race or religion. Their current strategic plan focuses on fostering reconciliation and addressing Islamophobia.  

      In 2020, 98% of the foundation’s portfolio was dedicated to impact investing. The Inspirit Foundation employs a mix of impact investing strategies, including program and mission related investing in their private portfolio, and positive screens, ESG integration as well as low-carbon considerations in their public portfolio, along with shareholder engagement. With regards to climate change, the foundation tracks its public portfolio’s exposure to carbon emissions and risks.

      Investment Policy Statement

      Roadmap Towards a 100% Impact Portfolio

      2019 Annual Report

      BlackRock, Accused of Discrimination, Says It Can Do Better

      2021-02-19 

      BNN Bloomberg: BlackRock Inc. said it’s instituting new measures to address diversity and inclusion issues after two former employees leveled discrimination complaints against the company.

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      Pimco Hit With New Sexual Harassment Claims From Three Women

      2021-02-18 

      BNN Bloomberg: A former employee of Pacific Investment Management Co. claimed she was sexually harassed by men at the firm and demoted after she rejected advances by her boss, the former chairman of Pimco funds, Brent Harris. 

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      Investors Pressure UK Companies to Comply With Modern Slavery Laws

      2021-02-18 

      Institutional Asset ManagerA GBP3.2 trillion investor coalition against modern slavery, including Aberdeen Standard Investments, Church of England Pensions Board, Legal & General and Rathbones, has put pressure on 22 laggard companies on the FTSE 350 to comply with the UK’s modern slavery laws. 

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      Hedge Fund Boss Odey Fails to Strike Out Indecent Assault Case

      2021-02-18 

      ReutersA London judge on Thursday rejected an attempt by the lawyer of Crispin Odey, one of Britain’s most high-profile hedge fund managers, to throw out an historic indecent assault case early. 

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      Fed's Brainard: Financial Firms Should Start Addressing Climate Risk Now

      2021-02-18 

      Financial PostUncertainty about the impact climate change may have on the financial system should not prevent financial firms and their supervisors from moving now to prepare for the shocks to come, a key Federal Reserve policymaker said on Thursday. 

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      Walsh to Revisit Trump-era ESG, Proxy Voting Rules

      2021-02-17 

      Pensions & Investments: Secretary of Labor nominee Marty Walsh has concerns about two recent rule-makings finalized under the Trump administration and, if confirmed, will instruct the Employee Benefits Security Administration to re-examine the rules. [Full article available to Pensions & Investments subscribers.]

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      Scottish Widows Picks 4 to manage ESG Fund Options

      2021-02-17 

      Pensions & Investments: Scottish Widows' Master Trust, a U.K. defined contribution multiemployer plan, selected four managers to manage the assets of four newly launched ESG investment options, a spokeswoman confirmed. [Full article available to Pensions & Investments subscribers.] 

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      BNP Paribas to Face Human Rights Claims Over Sudan Work

      2021-02-16 

      BNN BloombergBNP Paribas will have to defend itself against several of the claims in a suit accusing the bank of facilitating human rights abuses in the Sudan after a New York federal judge rejected parts of its request to dismiss the suit.

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      New UK Centre Aims to ‘Transform Availability of Climate Data in Finance’

      2021-02-15 

      IPE: A new centre is being launched in the UK with the aim of arming financial institutions with the data and analytics they need to contribute to the shift to environmentally sustainable economic activity. Asset owners have been keen to support the project. 

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