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ESG Newsletter

    BlackRock, Aberdeen Push for More Women Executives

    2020-09-30 

    Bloomberg: Investment firms managing more than A$1 trillion ($712 billion) are calling on Australia’s biggest companies to appoint more women to executive roles, as they step up pressure for gender diversity. 

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    Active Funds Dominate ESG – But Their Market Share is Slipping

    2020-09-30 

    Institutional InvestorWhile the pandemic hasn’t damped investor demand for ESG, asset flows to U.S. active managers fell in the first half of 2020, according to Broadridge. 

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    The Middle East’s First Sovereign Green Bond Sees Strong Demand

    2020-09-29 

    Financial Post: Egypt pulled in orders for nearly five times the $750 million size of the Middle East and North Africa’s first sovereign green bond, as it pushes ahead with anti-pollution and renewable energy projects. 

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    Road Map for California ESG Integration Unveiled

    2020-09-29 

    Pensions & Investments: California pension funds and policymakers have a road map for integrating climate change risk and other ESG considerations into their investment decisions, thanks to a partnership between the U.N.-supported Principles for Responsible Investment and UC Berkeley Law's Center for Law, Energy & the Environment. [Full article available to Pensions & Investments subscribers.] 

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    Hedge Fund in Long Haul to Tackle Lack of Black Money Managers

    2020-09-28 

    Reuters: When the death of George Floyd forced companies to reflect on why there were so few Black people in their senior ranks, top banks and private equity firms pledged to do better. But one corner of the finance world - the hedge fund industry - made fewer public statements. 

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    Goldman and GM Among 34 Firms to Share Private Diversity Data

    2020-09-28 

    BloombergMore than thirty of the largest U.S. companies  have agreed  to new disclosures of previously private race, gender and ethnicity workforce data as part of a push by the New York City comptroller and three city retirement funds.

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    Corporate Boards Improving on ESG, Less on Diversity

    2020-09-28 

    Pensions & Investments: Corporate boards are improving the ways they deal with crisis management and ESG issues but less so on diversity, according to PwC's Annual Corporate Directors Survey released Monday. [Full article available to Pensions & Investments subscribers.] 

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    Spotlight on Investors: Temasek Holdings

    Established in 1974, Temasek Holdings is the Sovereign Wealth Fund of Singapore. Temasek had S$ 306 billion (US$ 214 billion) of assets under management, as at March 31, 2020.

    As a generational investor, Temasek integrates ESG considerations throughout its investment process when assessing thematic, sector, and company-level information. Additionally, with regards to Climate Change strategy, Temasek conducts scenario analysis on portfolio companies to better understand their exposure to climate risk in line with the Taskforce for Climate-related Financial Disclosure. As part of this process, the Sovereign Wealth Fund will engage with companies to achieve net zero carbon emissions by 2050. Furthermore, Temasek is active in industry-wide initiatives such as the United Nations Development Programme’s Steering Group of SDG Impact and the Sustainability Accounting Standards Board (SASB).

    Annual Review 2020

    Sustainability Journey

    Socially Responsible Investing Goes Mainstream As Pandemic Continues, Says Survey

    2020-09-23

    Opalesque: About two-thirds of investors agree that the global pandemic has led them to place a higher priority on social factors when analyzing investment risk, according to a survey of attitudes toward ESG investing by Federated Hermes.

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    Global Net-zero Commitments Double In Less Than A Year

    2020-09-23

    GreenBiz: New York Climate Week kicked off with confirmation the number of corporations and governments pledging to deliver net-zero emissions by 2050 at the latest has more than doubled in the past year.

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