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ESG Newsletter

    Shareholder Group Pressures U.S. Banks to Drop Fossil Fuels Faster

    2021-12-16

    Nasdaq: Climate-focused investors are calling on the major U.S. banks to quickly scale back their financing of new fossil fuel development, saying current commitments by the banks to curb global emissions are not enough.

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    Pimco, Fidelity Shun Net-Zero Alliance Embraced by BlackRock

    2021-12-15

    Yahoo Finance: A group of Wall Street giants has decided to sit out one of the industry’s biggest coalitions: the Glasgow Financial Alliance for Net Zero.

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    Cliff Asness’s AQR Adds Short-Selling Twist to ESG Investing

    2021-12-14

    BNN Bloomberg: Quant powerhouse AQR Capital Management LLC is planning a new ESG-focused mutual fund that will not only favor the best-behaved companies, but also punish the worst by betting against them.

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    BlackRock Adds Diversity Target for U.S. Boardrooms

    2021-12-14

    U.S. News: Top asset manager BlackRock Inc on Tuesday said it wants U.S. companies to aim for a board that is 30% diverse and, for the first time, contains at least one member from an under-represented group.

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    Wall Street Is Close to Triggering a Climate Financial Crisis

    2021-12-14

    BNN Bloomberg: If the financial-services industry was a country, it would rank as the world’s fifth-largest emitter of greenhouse gases.

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    What to Watch in Climate Finance Next Year

    2021-12-10

    BNN Bloomberg: The climate finance industry continued to grow rapidly this year. Having weathered Covid-19 and taken center stage at COP26, the trend seems unlikely to slow in 2022.

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    Brookfield Sees ‘Massive’ Opportunities in Energy Shift

    2021-12-09

    Yahoo Finance: Investors face an historic opportunity to put their money into renewable energy assets given the global consensus that now exists around the urgent need for decarbonization, according to Brookfield Asset Management Inc.

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    California’s Public Pensions Are Major Fossil Fuel Investors

    2021-12-08

    Yahoo Finance: California’s climate-conscious policies aren’t matched by the investment choices of its largest public pension funds, according to a report from two environmental groups.

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    ESG Investing Poses No ‘Significant’ Cost to Investors

    2021-12-07

    Institutional Investor: Environmental, social, and governance investing poses little cost to investors, according to a study from researchers at Arizona State University.

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    Asset Management Industry Severely Lacking Diversity, New Knight Foundation Study Finds; Signals Untapped Opportunity for Investors

    2021-12-07

    Cision: The John S. and James L. Knight Foundation released a new study today measuring diversity in the U.S.-based financial industry revealing that only 1.4 percent of assets are entrusted by investors to asset management firms owned by women and/or people of color, despite diverse-owned firms' investment performance matching those of their less-diverse peers.

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