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MarketWatch: If you’re wondering whether environmental, social and governance (ESG) investing is taking off, consider this: the term ESG was used during 100% more S&P 500 corporate earnings calls in the second quarter of 2019 compared with the first quarter, according to FactSet.
Institutional Investor: Global institutional investors plan to divest 15.6 per cent of their portfolios from fossil fuels over the next ten years, almost tripling outflows of 5.7 per cent planned for next year, as high-profile activism on climate change gathers pace.
The Guardian: The world’s three largest money managers have built a combined $300bn fossil fuel investment portfolio using money from people’s private savings and pension contributions. BlackRock, Vanguard and State Street, which together oversee assets worth more than China’s entire GDP, have continued to grow billion-dollar stakes in some of the most carbon-intensive companies since the Paris agreement, financial data shows.
CNBC: There’s a common perception among investors that putting money into companies that promote sustainability on issues like climate change or corporate governance is “the right thing to do.” New research from the International Monetary Fund (IMF) suggests these investments can also pay off.
Top 1000 Funds: Investors should think much more about human capital and the role it plays in their investments, said George Serafeim, the Charles M. Williams Professor of Business Administration at Harvard Business School, speaking at the Fiduciary Investors Symposium at Harvard University.
Financial News: BlackRock and Amundi, two of the world’s largest investors, have scored poorly when it comes to public disclosure of their greenhouse gas emissions. This is an embarrassing result for the asset management giants, as they are piling pressure on corporations to tackle climate change risks.
Institutional Investor: While many institutions are signing on to agreements to invest more sustainably, there is a discrepancy between the number of institutions signing these agreements and the capital invested in sustainable assets.
IPE: Swedish national pension fund AP2 has put “special measures” in place to monitor the external asset managers it uses for Chinese investments, because of the high risk of human rights abuses in China. The Gothenburg-based fund disclosed the approach in its first report about its work on human rights issues.
Citywire: Active asset management is facing serious headwinds and ESG is the best thing to have happened to the industry in decades.
Institutional Investor: A study has found ESG adoption is rapidly gaining traction among sovereign investors and Central Banks. It showed nearly two thirds (60 per cent) of sovereigns now incorporate a top-down ESG policy – up from 46 per cent in 2017.
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