
Yahoo! Finance: BlackRock Inc., the world’s largest asset manager, plans to next year push companies for greater ethnic and gender diversity for their boards and workforces, and says it will vote against directors who fail to act.
Investment News: The fund also said it may divest from the riskiest oil and gas companies by 2025.
BNN Bloomberg: Almost five years after countries signed the landmark Paris Agreement on climate change, financial institutions are still providing billions of dollars to companies extracting and burning the earth’s most-polluting resources.
Yahoo! Finance: Global events such as the pandemic, economic uncertainties, and social and racial injustice are sparking companies around the world to maintain or accelerate changes to their environmental, social and governance (ESG) priorities, according to a new survey of boards of directors by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company.
Yahoo! Finance: The number of major companies who’ve disclosed their environmental impact and aggressively committed to reducing it has increased 46% from last year, according to a new analysis by a leading environmental-disclosure platform.
Reuters: With money pouring in to assets linked to sustainable investing, exchange operators have increased their focus on Environmental, Social and Governance (ESG) business opportunities, which could get a boost from the policies of President-elect Joe Biden.
Reuters: Nearly 50 buyout firms and investors have signed a global initiative that aims to improve diversity and inclusion among their ranks, a U.S. private equity investor association said on Monday.
Established in 1997, the Government Pension Fund of Thailand ("GPF") is a mandatory defined-contribution pension fund managing retirement incomes for Thai government officials. As at December 31, 2019, they had USD 31.8 billion of assets under management.
As a UN PRI signatory, GPF integrates environmental, social and governance issues into its investment research and decision-making. Additionally, the firm applies negative screening criteria on controversial weapons, gambling, sex and pornography. Moreover, as part of its commitment to be a "leader in ESG investing and initiatives in Thailand", GPF has initiated and led the development of the Negative List Guidelines of Thailand and made publicly available its GPF-ESG Weights and Scores: Asset Valuation Methodology© in collaboration with the World Bank Group.
GPF-ESG Weights and Scores: Asset Valuation Methodology©
BNN Bloomberg: Shareholders of India’s largest bank are raising concerns about a proposed loan to Adani Enterprises Ltd. to help fund the opening of the controversial Carmichael coal mine in northern Australia.
Financial Times: One of the US’s most senior financial regulators has admitted the asset management industry is “not doing a good job” at making improvements in diversity and inclusion. [Full article available to Financial Times subscribers.]
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