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ESG Newsletter

    Former Northern Trust Exec Shundrawn Thomas Launches Private Equity Firm

    2022-09-28

    Investment News: The Chicago-based enterprise is being described as a “private investing firm that partners with founders to provide a distinct combination of growth capital and the support and resources needed to develop scalable, sustainable business models that generate equity and impact.”

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    Asian Women in U.S. Financial Sector See Race and Gender As Career Hurdles

    2022-09-28

    NBC News: Almost 60% of Asian women working in the U.S. financial sector say their race has hindered their careers, particularly at senior levels, according to a study by The Association of Asian American Investment Managers (AAAIM) published.

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    Comptroller Lander Sends Letter to BlackRock CEO Larry Fink Demanding Stronger Action Toward Net Zero Emissions Reduction Across Portfolio

    2022-09-22

    Comptroller: New York City Comptroller Brad Lander shared a letter to BlackRock, Inc. Chief Executive Officer Larry Fink to express growing concern that BlackRock’s investment actions do not align with its climate commitments, and to request immediate action by BlackRock to address these contradictions. 

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    Republicans Warn Bank CEOs to Steer Clear of Social, Cultural Issues

    2022-09-22

    U.S. News: The heads of the nation's largest banks faced pointed criticism from Republicans complaining the firms are inappropriately taking liberal stances on social and cultural issues.

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    NAIC and UBS Partner to Support Diverse Alternative Asset Managers

    2022-09-22

    Cision: The National Association of Investment Companies ("NAIC"), the largest network of diverse-owned alternative investment firms, and UBS, the leading global wealth manager, announced an agreement whereby UBS will become a Platinum Sponsor of NAIC in support of the firm's Inclusive Investing offering.

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    HSBC Fund Arm Toughens Thermal Coal Policy to Curb Climate Change

    2022-09-22

    U.S. News: HSBC Holdings Plc told Reuters it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader commitment it made last year.

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    8 Climate Activists Arrested at Vanguard Headquarters in Malvern

    2022-09-22

    Whyy: Eight climate activists were arrested at the Malvern headquarters of Vanguard, one of the largest mutual fund investment firms. Members of the Earth Quaker Action Team (EQAT) and Extinction Rebellion Philly say Vanguard should be using more of its economic muscle to actively disinvest in companies contributing to global warming, including Big Oil producers like Exxon and Chevron.

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    Former SEC Commissioner Argues Against Asset Manager Blacklists

    2022-09-21

    Institutional Investor: Paul Atkins, former SEC Commissioner, is not a fan of the recent moves by Republican-led states to blacklist asset managers because they consider environmental, social, and governance factors when investing.

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    SEC Chair Gensler Defends Climate Disclosure and Crypto Regulation Proposals

    2022-09-15

    Yahoo Finance: Yahoo Finance reporter Jen Schonberger details SEC Chair Gary Gensler's defense of climate disclosure and cryptocurrency regulation proposals.

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    Former Wholesaler Says Data Platform Will Help Tackle Lack of Diversity in Asset Management

    2022-09-13

    Wealth Management: Devon Drew, founder of DFD Partners, has spent the last 16 years of his career as a wholesaler at various asset management firms, including Vanguard, American Century Investments, Alger and J.P. Morgan Chase. And in those 16 years, he referred some 30 to 40 job candidates and managers from traditionally underrepresented backgrounds—Black and Hispanic among them—to those organizations.

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