
Citywire: Asset allocators have been bringing up the circular economy investment theme for a while. However, fund management firms only started implementing it in a fund format recently.
Citywire: The notion that poor performers on ESG should be excluded from portfolios is well known, but should investors go further and actively short such stocks to further punish problematic players?
Accounting Today: Environmental, social and governance reporting is filled with competing sets of sustainability-related standards that are in need of simplification and consolidation, according to accounting standard-setters and experts.
Citywire: Institutional investors in Canada, the United States and the United Kingdom who apply environmental, social and governance (ESG) principles are committing more of their assets to this approach than ever before. Moreover, these investors are adopting an ESG-based approach specifically because they view it as a way to enhance returns and mitigate risk.
Institutional Investors: Despite countless studies, there has never been conclusive evidence that socially responsible screens deliver alpha. A better model exists, argue Harvard Business School luminaries Michael Porter, George Serafeim, and Mark Kramer.
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.
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