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ESG Newsletter

    Strive Asset Management Sends Open Letter to Chevron to Deliver a Post-ESG Mandate

    2022-09-06

    Business Wire: Strive calls on Chevron to liberate itself from constraints imposed by its ESG-promoting "shareholders" and to focus exclusively on maximizing long run value for the company's ultimate owners.

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    Can CalSTRS Keep Politics Out of the Pension’s Net Zero Plan?

    2022-09-01

    Institutional Investor: The California State Teachers’ Retirement System wants to keep investments and politics separate, but its plans to cut its portfolio’s greenhouse gas emissions in half by 2030 could make that difficult. 

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    Super Funds Query Investment Manager’s Links to Anti-ESG Foundation in US

    2022-09-01

    The Sydney Morning Herald: Some of Australia’s largest superannuation funds are being urged to review their partnerships with an investment manager facing a backlash for sponsoring a Republican-aligned, climate-change sceptic foundation in the US.

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    Public Pension Plans Crossed Party Lines to Support ESG

    2022-08-30

    Institutional Investor: U.S. public pension plans are some of the environmental, social, and governance movement’s biggest supporters. Divisions along political party lines might change that. 

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    Asian-American Private Equity Professional Hits Portfolio Advisors with Federal Discrimination Suit

    2022-08-30

    Morning Star: Michelle Lee worked as senior counsel, investment for Portfolio Advisors and graduated from Yale Law School, but says she was passed over for promotions because she's Asian-American.

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    RBC Climate Action Mild Enough to Pass Texas Fossil Fuel Test

    2022-08-29

    Advisor's Edge: RBC’s climate policies have been deemed mild enough to pass a Texas test on whether banks are boycotting oil and gas companies.

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    MetLife Investment Management to Buy Affirmative Investment Management for Undisclosed Terms

    2022-08-29

    Nasdaq: MetLife Investment Management or MIM, the institutional asset management business of MetLife, Inc. (MET), announced Monday that it has entered into a definitive agreement to acquire Affirmative Investment Management or AIM, a specialist global ESG impact fixed income investment manager with deep capabilities in impact investing, verification, reporting and engagement.

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    From Meta to Twitter, What Everyone Gets Wrong About ESG — And Why It Matters

    2022-08-24

    Institutional Investor: Frances Haugen chose to join Facebook after a family member became radicalized online. She wanted to help make the social media platform less toxic. As she would later testify before Congress, however, she found that she had joined a company that persistently put profit before the broader social good.

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    US Fund Manager Under Fire Over Sponsorship of Climate Sceptics

    2022-08

    360: Federated Hermes, a champion of eco-friendly investment strategies, is coming under increasing pressure to explain its sponsorship of a coalition of senior U.S. officials opposed to climate change.

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    abrdn Launches Sustainability Institute, Americas & Appoints Fionna Ross to Lead

    2022-08-16

    abrdn: Leading global asset manager abrdn is pleased to announce the launch of the abrdn Sustainability Institute, Americas and the appointment of Fionna Ross as Sustainability Investment Specialist & Head of the Sustainability Institute, Americas.

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