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ESG Newsletter

    Asset Management Firms Owned by Women and People of Color Are At Least 3 Times More Likely to Lead Diverse Teams, a Knight Foundation Report Finds

    2022-04-05

    Knight Foundation: The John S. and James L. Knight Foundation, in partnership with Global Economics Group, released a new study revealing that asset management firms owned by women and people of color are at least three times more likely to employ diverse teams when compared to firms led primarily by white men. 

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    Wall Street Must Come Clean on Fossil-Fuel Plans, Texas Says

    2022-03-30

    BNN Bloomberg: Texas Comptroller Glenn Hegar says he wants financial services firms to be transparent in their environmental, social and governance rhetoric.

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    Bridgewater's Chief Diversity Officer Explains how the Hedge Fund is Using its New Fellowship Program to Create a Pipeline of Diverse Talent in Finance

    2022-03-29

    Business Insider: Bowser, the chief diversity officer at hedge fund Bridgewater Associates, told Insider he was able to build a successful career in financial services at least partly because of the mentorship and sponsorship he received.

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    Exclusive-Goldman Sachs Pushes Directors for More Climate Data

    2022-03-24

    U.S. News: Goldman Sachs' big asset-management arm will take a harder line in voting on directors at companies that do not disclose enough about their greenhouse gas emissions, an executive said, adding to the pressure on business leaders to provide more climate-impact data.

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    ESG Benchmarks Need to Be More Standardized, Says S&P Global CEO

    2022-03-23

    CNBC: Environmental, social and governance, or ESG, ETFs may have picked up in popularity in the last few years, but investors are still confused when it comes to understanding the nuances of a fund’s ESG factors. One solution may be standardizing the criteria used for each fund.

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    SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors

    2022-03-21

    SEC: The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited financial statements.

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    Bridgewater Says Spending on Green Energy Is Less Inflationary

    2022-03-15

    BNN Bloomberg: Governments should subsidize green technologies and infrastructure to combat climate change, with such investments putting less upward pressure on prices than alternatives including carbon taxes, according to Bridgewater Associates, the world’s largest hedge fund.

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    Black Women in Asset Management Announces New Industry Partners

    2022-03-14

    Business Wire: Black Women in Asset Management (BWAM), a non-profit organisation promoting the advancement of Black women working in the asset management industry, is delighted to announce Ares Management, BlackRock, Federated Hermes, Helios Investment Partners, J.P. Morgan Asset Management, M&G plc, Maniyar Capital, Morningstar, Inc. and State Street Global Advisors as new institutional members.

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    The Number of Women in C-Suite Finance Jobs Is Going Up — But the View From Below Is Less Rosy

    2022-03-08

    Institutional Investor: The share of women in C-suite roles in the North American financial services industry is expected to increase from 21.1 percent to 28.3 percent from 2021 to 2030, according to a new Deloitte report that studied the percentage of women in various job categories in the financial industry from 1998 to 2021.

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    Much-Needed Climate Funds Flee Sinking Caribbean Islands

    2022-03-04

    Financial Post: According to U.S. climate envoy John Kerry and other Western leaders, the private sector will lead the battle against climate change given governments can’t raise enough money. Officials from Caribbean islands 1,750 miles south of Washington are less optimistic.

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