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ESG Newsletter

    Churchill Appoints Head of Sustainability and ESG Integration

    2022-05-31

    Private Equity Wire: Churchill Asset Management, an investment-specialist of Nuveen which provides customised financing solutions to private equity firms and their portfolio companies, has appointed Mickey Weatherston as principal, head of sustainability and ESG Integration.

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    SEC Planned Crackdown on ‘Misleading’ Funds Goes Far Beyond ESG

    2022-05-26

    BNN Bloomberg: New proposals from the US Securities and Exchange Commission to crack down on money managers using misleading or deceptive fund names threaten to impact investing strategies of all stripes -- not just those focused on ESG issues.

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    OSFI Proposes Climate Risk Guidance

    2022-05-26

    Investment Executive: Federal financial regulators issued new guidance to address climate-related financial risks, including mandatory disclosure requirements. The Office of the Superintendent of Financial Institutions (OSFI) issued a new draft guideline Thursday that sets expectations for federally regulated financial institutions.

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    BlackRock Still Has a Big Gun Problem

    2022-05-26

    Quartz: Following the Parkland, Florida, school shooting that left 17 people dead, focus turned to the fact that BlackRock, the world’s largest asset manager, was the largest institutional shareholder of three publicly traded gun manufacturers, including the one that made the gun used in the Parkland shooting.

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    Northern Trust Asset Management Seeks Minority-Owned Broker-Dealers as Part of Long-Standing Diversity Commitment

    2022-05-25

    Northern Trust: As part of its long-standing commitment to ensuring diversity, equity and inclusion within the investment industry, Northern Trust Asset Management (NTAM) seeks requests for information from broker-dealers owned by minorities, women, veterans or people with disabilities – to provide trade execution services. Responses are due by Friday, July 29, at 5:00 PM CT.

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    Sierra Club Warns BlackRock It May Pull $12 Million Over Climate Stance - Letter

    2022-05-24

    U.S. News: Leading U.S. environmental group the Sierra Club has warned BlackRock Inc it may pull a $12 million investment after the money manager said it would likely support fewer climate-focused shareholder resolutions at annual company meetings this year.

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    America’s Political Right Has a New Enemy No. 1: ESG Investors

    2022-05-20

    BNN Bloomberg: Conservatives have identified the popular investing strategy, which accounts for environmental, social and governance risks, as part of a broader narrative about left-wing overreach and “ wokeness” run amok. 

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    Tesla’s Removal From S&P Index Sparks Debate About ESG Ratings

    2022-05-19

    BNN Bloomberg: A benchmark ESG stock index has removed Tesla Inc., sparking a debate about which companies do — and don’t — pass muster with socially aware investors.

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    BlackRock, JPMorgan, Others Tell Texas They Don't Boycott Energy Companies

    2022-05-19

    U.S. News: BlackRock Inc, JPMorgan Chase & Co and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds.

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    Capital Group Says Actively Run Funds Are Winners in ESG Craze

    2022-05-18

    BNN Bloomberg: Professional investors overwhelmingly prefer to use actively managed funds to deal with environmental, social and governance risks, according to a report from Capital Group that suggests the recent surge in passive ESG strategies may be at odds with industry needs.

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