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ESG Newsletter

    Citi Issues Inaugural Structured Green Bond

     2019-03-25

    Digital Journal: Citi has issued and traded its first structured green bond, distributed by UBS Global Wealth Management. The proceeds will fund green projects in renewable energy, energy efficiency, sustainable transportation, water quality and conservation, and green buildings as defined in Citi’s Green Bond Framework.

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    Goldman Sachs Implements Its Own ‘Rooney Rule’ in Diversity Push

    2019-03-18

    The Wall Street Journal: Managers at Goldman Sachs Group Inc. will be required to interview two diverse candidates for any open job, a push the firm hopes will change its heavily white, male workforce.

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    Corporate Reporting Dialogue Announces Market Consultation on Building Better Alignment

    2019-03-14

    CDSB: Participants of the Corporate Reporting Dialogue – an initiative bringing together the major standard setters and framework providers globally – are launching a six-week global consultation process on Wednesday 20 March 2019, to gather views from stakeholders on how to drive better alignment of sustainability reporting frameworks, as well as with frameworks that promote integration between non-financial and financial reporting. 

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    What Does a Paris-compliant Climate Change Strategy Look Like?

    2019-03-05

    GreenBiz: As the 2019 proxy-voting season begins, shareholders have proposed climate change resolutions at seven oil majors — BP, Exxon Mobil, Chevron, Anadarko Petroleum, Hess, Equinor and Shell — asking them to set long-term targets for their operations and products that align with the Paris Agreement. After significant growth in the last two years of shareholder support for climate change resolutions, companies seem to be taking these matters more seriously. But how would a Paris-compliant corporate strategy look? We consider some possibilities here.

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    Investing in the World We Want

    2019-03-11

    Top 1000 Funds: This brings new challenges; investing can be daunting for those without specialist knowledge, nobody can know for sure exactly how much they need to save for their retirement, and living for longer means most of us will have to continue managing our investments well beyond retirement.

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    Cerulli Finds All Talk, No Action Regarding DC Plan ESG Investment Adoption

    2019-03-13

    Plan Sponsor: According to the Cerulli Edge, U.S. Retirement Edition for 1Q 2019, more than half (56%) of the 1,000 active 401(k) plan participants it surveyed agree with the statement, “I prefer to invest in companies that are environmentally and socially responsible.

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    As Climate Change Causes a Maelstrom of Financial Risks and Opportunities, is Your Money Manager Prepared to...

    2019-03-03

    Ceres: Unprecedented floods, storms and wildfires have ravaged communities across the United States in the past two years and sapped the economic vitality of regions. Puerto Rico was devastated by Hurricane Maria while southeast Texas is struggling to recover from Hurricane Harvey, and communities in California are still reeling from deadly wildfires. The U.S. federal government’s most recent National Climate Assessment predicts more climate-fueled weather disasters will come - and more frequently - exacting a heavy toll on the economy. 

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    ESG: Bridging the Impact Data Gap

    2019-03

    IPE: For various reasons, over the past few years, more and more mainstream institutional investors and other groups have become explicitly concerned with the environmental and social impacts of investments. This is distinct from, but does not replace, thinking about how environmental, social and corporate governance (ESG) factors can affect an investment portfolio’s financial performance.

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    ESG Loans Broaden Access to Sustainability-linked Financing

    2019-03-06

    GreenBiz: Like green bonds, these corporate loans tie capital to improvements in sustainability, but unlike their older, better-known cousin, ESG-linked loans don’t require a borrower to use the proceeds for a specific, predetermined purpose. 

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    Columbia Threadneedle Investments Enhances Its Fundamental Research with Proprietary Responsible Investment Ratings

    2019-03-05

    Business Wire: Columbia Threadneedle Investments is adding to its extensive fundamental research effort by launching an innovative responsible investment (RI) ratings tool that combines an assessment of a company’s financial stewardship with a view on how well it manages its Environmental, Social and Governance (ESG) risks.

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