BNN Bloomberg: Vanguard Group Inc., one of the world’s largest money managers, says it cares “deeply” about the long-term impact of climate change. It joined an investor group that’s announced a net zero-emissions target and oversees pension funds for technology companies, where employees have a long tradition of being environmentally conscious.
Institutional Asset Manager: A group of investment consultants with USD10 trillion in assets under advice, including Willis Towers Watson, Redington, and bfinance, have pledged to integrate net zero alignment across all their investment advice within the next two years.
Institutional Investor: When Marcia Page co-founded Värde Partners in 1993, she was one of the few female asset management owners. Thirty years later, not much has changed for women and minority groups in the industry — and Page has decided to do something about it.
BNN Bloomberg: The Ontario Teachers’ Pension Plan is aiming for a 45% reduction in the amount of carbon its investment holdings release into the atmosphere by 2025 as part of an effort to reach net-zero emissions within three decades.
Institutional Investor: Jeff Ubben, the activist hedge fund manager who founded Inclusive Capital Partners a little more than a year ago, is calling for the Securities and Exchange Commission to make companies include a price for carbon as part of their climate-related ESG disclosures.
BNN Bloomberg: Engine No. 1, the activist investor that forced a board shakeup at Exxon Mobil Corp. to accelerate a move to clean energy, unveiled a new strategy using environmental, social and governance data to assess investments.
Private Equity Wire: KKR has appointed Kerryann Benjamin as Chief Diversity Officer and Head of Talent Management, effective immediately. In this role, Benjamin will be based in New York and will drive KKR’s diversity, equity and inclusion (DEI) strategy, a strategic priority for the firm, as well as KKR’s global talent development strategy.
Financial Post: Harvard University will stop investing in fossil fuels and instead use its giant US$42 billion endowment to support the green economy, joining a growing wave of investors moving away from pollutive industries.
ESG Channel: U.S. regulators are cracking down on socially responsible investments that track factors like environmental, social, and governance principles for sustainable investing strategies that only appear sustainable in name only.
Institutional Asset Manager: The report, published today, assesses supply chain sustainability through the lens of the investment manager. The research found that over eight in 10 (85 per cent) investment managers believe that businesses who do not implement supply chain sustainability initiatives will see share prices fall as a result over the next decade.
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