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ESG Newsletter

    After Exxon Win, Engine No. 1 Turns to Diversity, Workforce Issues

    2022-01-12

    U.S. News: After scoring a landmark win at Exxon Mobil Corp over climate concerns last year, activist investor Engine No. 1 is broadening its sights to press companies on diversity and workforce issues in 2022.

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    BlackRock Unveils Climate Funds Targeting the Toughest ESG Clients

    2022-01-12

    Yahoo News: BlackRock Inc. is launching two funds designed to live up to the European Union’s highest standard for sustainability, in an effort to draw in investors looking for the greenest products on the market.

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    Canada’s Bank Regulator Hints at Climate-Resilience Requirements

    2022-01-10

    Yahoo Finance: Canada’s federal banking regulator suggested that the country’s financial institutions may face additional requirements to ensure they’re resilient in the face of climate change and the transition from fossil fuels to renewable-energy sources.

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    Comptroller Stringer and Trustees Announce Successful $3 Billion Divestment from Fossil Fuels

    2021-12-22

    Comptroller: Comptroller Scott M. Stringer and trustees of the New York City Employees’ Retirement System (NYCERS) and the New York City Board of Education Retirement System (BERS) announced the successful divestment of securities related to fossil fuel companies, bringing the total divestment across all funds to an estimated $3 billion.

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    Hedge Funds in the U.S. and U.K. Are Told to Meet ESG Rule for EU Sales

    2021-12-22

    BNN Bloomberg: Europe’s main investment management association says U.S. and U.K. hedge funds will need to meet a higher ESG reporting bar than many in the industry had expected, if they want to continue selling to clients in the EU.

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    PGIM Unveils Strategic Income ESG Fund

    2021-12-21

    Institutional Asset Manager: Managed by PGIM Fixed Income – one of the largest fixed income managers in the world, with USD964 billion in assets under management – the new PGIM Strategic Income ESG Fund is a flexible, ESG-integrated multi-sector bond strategy, with a focus both on income generation and capital appreciation.

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    Hedge Funds Hit by ‘Onerous’ ESG Rule Turn to Lawyers for Help

    2021-12-20

    BNN Bloomberg: An obscure rule covering environmental, social and governance investing in Europe has prompted hedge-fund managers in the U.S. and U.K. to turn to their lawyers.

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    Bridgewater Launches Rising Fellows Program to Help Expand Investment Industry Diversity

    2021-12-20

    Cision: Bridgewater Associates ("Bridgewater"), a global leader in institutional portfolio management and the largest hedge fund in the world, today announced the launch of a new Rising Fellows program to expand access to the financial services industry for students in their first year of university and help build a more diverse pool of future investment talent.

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    ESG Disclosures Are Becoming the Standard

    2021-12-17

    Institutional Asset Manager: The largest US companies are disclosing their environmental, social and governance (ESG) policies at historically high levels, according to Corporate Governance Outlook 2022, a new report from Equilar, which features commentary from Orrick and DFIN.

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    Goldman Sachs Unveils New Plan to Slash Its Financed Emissions

    2021-12-16

    BNN Bloomberg: Goldman Sachs Group Inc. plans to reduce the carbon footprint of its fossil-fuel clients by a fifth, and slash emissions in other key customer groups as it acts on a pledge to make its business climate neutral by mid-century.

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