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ESG Newsletter

    What AQR’s In-House Research on Proxy Voting Means for ESG

    2020-08-12

    Institutional Investor: AQR Capital Management is making the case that quantitative investing and environmental, social and governance investing are a good fit.

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    Long-Term Investors Now Hold Sway Over ESG

    2020-08-12

    Bloomberg: Long-term investors—those who have perpetually flagged the kind of systemic and workforce issues that now face companies everywhere—are having an outsized influence during this global crisis.

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    ESG Screens Provided No Protection in Virus Sell-Off

    2020-08-11

    Financial Times: Strong environmental, social and governance credentials provided no special protection to risky companies during the Covid-19 related drop in markets earlier this year, according to research that challenges the idea that such attributes can make a portfolio more durable. [Full article available to Financial Times subscribers.]

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    Sustainable Investing Sector Must Take Action Against Systemic Racism

    2020-08-11

    Pensions & Investments: This summer's swell in protests against police brutality and racial injustice have been accompanied by an unprecedented outpouring of statements from corporations acknowledging the existence of systemic racism. CitiGroup, Nike, J.P. Morgan Chase and Amazon.com are just some of the corporate giants that have spoken out in recent weeks. However, this moment demands more than Instagram posts declaring #BlackLivesMatter and one-time donations to Black-led organizations.

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    LAPFF Backs Concerns Over Rio Tinto’s Improved Accountability

    2020-08-10

    IPE: The Local Authority Pension Fund Forum (LAPFF) in the UK has joined an Australian trio of investors in raising concerns over mining group Rio Tinto’s testimony at the Australian Parliamentary hearings that took place last week regarding the destruction of Aboriginal caves at Juukan Gorge.

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    Investors Pour Record Sums Into ESG Funds Amid Virus Crisis

    2020-08-10

    Financial News: UK-based investors poured £362m into funds managed according to environmental, social and good corporate governance principles during July — the highest-ever monthly total for such strategies.

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    Greater Adoption of ESG Linked to Acceptance As Fiduciary Duty

    2020-08-10

    Pensions & Investments: The risks and opportunities of ESG investing continue gaining acceptance by institutional asset owners.

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    Towards a Green Taxonomy

    2020-08-01

    Funds Europe: Before the pandemic forced a shift in focus, sustainable investment and the EU’s green agenda was one of the most discussed topics in financial services – and fast becoming an area of fundamental focus for governments and regulatory bodies.

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    Spotlight on Investors: Seattle City Employees' Retirement System

    The Seattle City Employees' Retirement System ("SCERS") was established in 1929 to provide pension benefits to city of Seattle employees. With approximately 12,000 active employee members and 6,800 retired employee members (or their beneficiaries) who participate in the plan, SCERS had 2.77 billion of assets under management as at March 31, 2020.

    In 2013, when SCERS adopted their ESG policy, they recognized that ESG issues have an impact on the performance of companies and that such consideration is compatible with their fiduciary duty. Consequently, SCERS adopted a Positive Action based on Shareholder Advocacy, Sustainability Investments and Integrating Climate Risk into the Investment Process. Finally, SCERS engages collaboratively with its peers through its membership to Climate Action 100+ and Ceres.

    ESG Policy

    ESG Quarterly Update

    Asset Management Made Bad Decisions Around Race. Now Is the Time to Change That.

    2020-08-10

    Institutional Investor: Unconscious discrimination is pervasive, pernicious — and preventable if firms do the right thing.

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    About Castle Hall Diligence

    Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →

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