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Funds Europe: Two of the world’s largest fund managers have been accused of undermining their public statements in support of racial justice by allegedly voting against shareholder efforts for racial equity.
The Asset: As large asset owners in Asia-Pacific markets implement environmental, social and governance (ESG) factors into their investment processes, their expectations of asset managers to go deeper in their ESG implementation practices are also growing, according to a new report.
BNN Bloomberg: Swedish social media lit up last month when a well known Black hedge-fund manager vented about discrimination, questioning the country’s prized egalitarian credentials.
IPE: Sweden’s big four national pension buffer funds have laid out their expectations of global technology companies regarding human rights, and warned that increasing worries about these issues are eating away at confidence in the firms, which carries major investment risks.
Reuters: The U.S. Federal Reserve said on Tuesday it has joined an international group of central banks focused on climate change risk, a signal that the Fed could move to incorporate the impacts of global warming into its regulatory writ.
Funds Europe: Asset owners in Europe are increasingly demanding for proof that asset managers have sustainability embedded into their firm culture, according to a report by Cerulli Associates.
Pensions & Investments: Institutional investors and others are using new tactics to push oil and gas companies to get serious about climate change. [Full article available to Pensions & Investments subscribers.]
Established in 1991, QIC Limited (“QIC”) is responsible for serving the long-term investment responsibilities of the Queensland Government. As at June 30, 2020, they had USD 54 billion of assets under management.
As a UN PRI signatory, QIC integrates environmental, social and governance considerations into its investment decision-making processes. Additionally, the firm applies negative screening criteria on controversial weapons and tobacco manufacturers. With regards to Climate Change, QIC engages with externally appointed investment managers to report in line with the Task Force on Climate-related Financial Disclosures’ recommendations. Moreover, QIC takes part in collaborative initiatives such as the Investor Group on Climate Change and CDP.
IPE: An initiative specifically focussed on asset managers getting to net-zero has been launched with 30 founding signatories drawn from across the world.
Institutional Investor: Sixteen consulting firms shared diversity data with the Diverse Asset Managers Initiative.
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