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ESG Newsletter

    How Much Can Financiers Do About Climate Change?

    2020-06-20

    The Economist: In the mayfair office of Chris Hohn, the boss of TCI, a hedge fund, an enormous photograph of a melting iceberg hangs on one wall. Robert Gibbins, the founder of Autonomy Capital, another London hedge fund, says his desk is adorned with the deformed remains of a car bumper, melted by an Australian wildfire. [Full article available to The Economist subscribers]

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    European Investors Threaten Brazil Divestment Over Deforestation

    2020-06-19

    Financial Post: Seven major European investment firms told Reuters they will divest from beef producers, grains traders and even government bonds in Brazil if they do not see progress in resolving the surging destruction of the Amazon rainforest.

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    Climate-related Passive Funds Fail to Win Over Top Pension Plans

    2020-06-17

    Financial Times: More than half of the world’s largest pension schemes have made no allocation to climate-related passive funds in spite of mounting pressure on institutional investors to step up the fight against global warming. [Full article available to Financial Times subscribers]

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    Activist Hedge Funds Hurt Sustainability

    2020-06-17

    Network for Business Sustainability: No company is safe from hedge fund activism. In 2019, activist hedge funds targeted 839 companies in 19 countries. Activist hedge funds control more than $146 billion in assets, part of the more than $3 trillion hedge fund market.

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    Remote Working Could Amplify Exclusive Behaviors, 'Bro Culture' in Finance

    2020-06-16

    S&P Global: Prolonged working from home could reinforce exclusive behaviors and biases and undermine inclusive workplace cultures, which experts warn could have long-term implications for organizations that do not pay attention to the risks.

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    ‘We Must Turn Our Anger and Pain Into Action’

    2020-06-12

    Institutional Investor: Asset managers from Black and other minority communities are urging their peers to help “level the playing field” for businesses led by people of color.

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    No Women Want Their Own Private Equity Firm Because Of The Gender Pay Gap

    2020-06-11

    Forbes: Acknowledged as an old boys’ club, the private equity industry is at risk of becoming further underrepresented by women due to issues around the gender pay gap, a lack of diversity and a resistance to change the macho culture that persists in this sector.

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    Sustainable Finance Boosted by New Rules on ESG-Linked Bonds

    2020-06-09

    Bloomberg: Guidelines released Tuesday are set to encourage more borrowers to issue bonds tied to general environmental targets, rather than specific projects, following massive growth of similar deals in the loan market.

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    ESG Fund Ratings: Not Perfect, but Still Valuable

    2020-06-09

    ThinkAdvisor: Critics of environmental, social and governance fund ratings often cite numerous reasons as to why the ratings lack validity. While the ratings aren’t perfect, we explore some of the reasons why we believe they are worthwhile and how they may continue to improve.

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    The ‘Dark Side’ of ESG

    2020-06-09

    Institutional Investor: Investors should explore the “dark side” of responsible investing, going beyond the common tactic of simply avoiding stocks for environmental, social or governance reasons.

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