.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
BNN Bloomberg: Blackstone Group Inc. plans to make diversity the centerpiece of an expanded student entrepreneurship initiative.
Institutional Investor: A majority of investors believe all funds will incorporate environmental, social, and governance factors in five years, according to a survey by CoreData.
Institutional Investor: With the explosion of ESG data and ratings, there’s little agreement on what makes a company good or bad.
Financial Post: Andurand Capital Management is among hedge funds betting the price of carbon can only go up.
Responsible Investor: Complaint centres on UBS’ exposure to surveillance firm Hikvision. [Full article available to Responsible Investor subscribers.]
Reuters: Aviva Investors said on Monday it could ditch its stock and bond holdings in 30 of the world’s biggest corporate emitters of carbon if their boards failed to take sufficient action over climate change.
Wall Street Journal: Current and former employees of Pacific Investment Management Co. wrote to the investment firm’s senior executives alleging a pattern of abusive and discriminatory behavior toward women and urging them to take steps to fix gaps in pay and promotions. [Full article available to Wall Street Journal subscribers.]
The Park Foundation was established in 1966 to support education, public broadcasting, the environment, and other selected areas of interest to the Park Family. More recently, the Foundation’s environmental causes have focused on energy and water issues.
The Foundation manages its assets in order to maximize its impact by aligning its investment strategy to its mission. As part of its Mission-Related investing activities, it has implemented negative screening criteria on alcohol, gambling, nuclear and conventional weapons, and tobacco. Moreover, the Foundation has implemented guidance for its investment advisors and external managers around ESG integration across its portfolio. With regards to climate change, the Foundation estimates that climate solutions investments constitute approximately 15% of its portfolio. Moreover, the Park Foundation is a signatory to the Divest/Invest Initiative.
IPE: Major Dutch pension investor APG has sold its stake in South Korean utility KEPCO because the majority government-owned company is continuing to pursue new coal-fired power plants.
IPE: The Pensionsfonds of the German state of North Rhine-Westphalia (NRW) has fallen under criticism for adopting contradicting policies for its sustainable investments.
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