BNN Bloomberg: Coal miners from states including Alabama and West Virginia picketed outside BlackRock Inc.’s New York headquarters in a bid to get the world’s largest asset manager to pressure Warrior Met Coal Inc. for better wages and employee benefits.
BNN Bloomberg: The 10 largest U.S. public pension funds still have a lot of money invested in the biggest corporate polluters.
Reuters: The Office of the Comptroller of the Currency announced Tuesday it had created a Climate Change Risk Officer to lead the agency’s efforts to ensure banks are appropriately managing risk around climate change.
Business Wire: Galway Sustainable Capital, Inc. (“GSC”) announced a new, broad-based funding partnership with funds managed by Oaktree Capital Management, L.P. (“Oaktree”). Under the terms of the deal, GSC secured a minority equity investment and closed a new, multi-year, multi-tranche credit facility with Oaktree.
BNN Bloomberg: The backlash against Apollo Global Management Inc. over Leon Black’s ties with sex offender Jeffrey Epstein is waning, with investors lining up to entrust the firm to manage investments dedicated to social responsibility.
Private Equity News: Private-equity giant Carlyle is launching a company to develop renewable-power-generation and storage projects in a push to reorient its energy business toward sustainable investments.
Reuters: Chemicals used in air conditioning, freezers and refrigeration have long hurt the environment by destroying the ozone layer and polluting water sources, but technology is starting to change the way we keep cool.
Hedge Week: The Lyxor/Bridgewater All Weather Sustainability Fund – which is managed by Lyxor Asset Management and sub-advised by Bridgewater – is built around Bridgewater’s pioneering systematic research process, and will use the hedge fund giant’s “All Weather” asset allocation framework to engineer its portfolio.
Investment Week: The latest BlackRock Investment Stewardship (BIS) report for the 2020-21 proxy voting year revealed that BIS voted on more than 64,000 director elections, voting against 10% for "falling short of our expectations".