Hedge Week: Hedge funds are falling behind other sectors such as private equity and real estate when it comes to integrating ESG factors into their portfolios.
Business Wire: Blackstone announced that it is continuing to expand its Environmental, Social, Governance (ESG) team, with five newly created senior positions across the U.S., Europe and Asia.
Institutional Investor: Proponents of ESG argue that there are not just moral benefits to investing according to environmental, social and governance goals: ESG funds also outperform their peers.
Pensions & Investments: Pension funds and other asset owners are increasingly interested in beneficiaries' preferences when it comes to ESG issues, according to a report released by the Principles for Responsible Investment, a U.N.-affiliated investor initiative. [Full article available to Pensions & Investments subscribers.]
Pensions & Investments: Now in the second year of the COVID-19 pandemic, investors are raising expectations about companies' responses to highlighted ESG issues such as diversity and, increasingly, connecting that to executive compensation. [Full article available to Pensions & Investments subscribers.]
Institutional Asset Manager: A group of global investors has developed investor expectations for the banking sector through the Institutional Investors Group on Climate Change (IIGCC), calling on banking firms to set enhanced net zero targets for 2050 or sooner with interim targets to be included, scale up green finance and withdraw from projects that fail to meet Paris Agreement goals.
Korea Herald: Under the pandemic, ESG becomes crucial element in evaluating financial firms, but tools, criteria still incomplete.
Institutional Asset Manager: A new study by PGIM and Greenwich Associates has revealed a significant gap between investors’ beliefs and their actions when it comes to climate change risks.
Buyouts Insider: Public relations firm Prosek Partners found most respondents to make virtual meetings a permanent part of their operations. [Full article available for Buyouts Insider subscribers.]
Reuters: Global banking rulemakers need to undertake further analysis to clarify if lenders need to build up bigger capital buffers to cover possible environmental risks, the Swiss-based Basel Committee of banking regulators said on Wednesday.