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ESG Newsletter

    Confronting One-Dimensional Equity Efforts Within the Investor Community

    2021-04-21 

    GreenBiz: In the aftermath of the George Floyd murder, hundreds of U.S. companies produced statements decrying racism and promoting equity and inclusion. 

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    U.S. Likely to Join Europe in Mandating Climate Risk Disclosure –John Kerry

    2021-04-20 

    Pensions & Investments: The Biden Administration is "probably going to join with Europe on mandating disclosure" of climate risk, U.S. Special Presidential Envoy for Climate John Kerry said Tuesday. [Full article available to Pensions & Investments subscribers.] 

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    So You Say You’re Divesting from Fossil Fuels? Prove It

    2021-04-19 

    GreenBizIn January, the city of New York announced with great fanfare that its massive public service retirement fund would jettison $4 billion worth of fossil fuel-related stocks and bonds. 

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    Bond Giant Pimco Attempts to Change Its Culture

    2021-04-17 

    Wall Street JournalFor years, money manager Pacific Investment Management Co. wore its cutthroat reputation as a badge of honor. [Full article available to Wall Street Journal subscribers.] 

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    Goldman Shareholders Urged by ISS to Vote Against Racial Audit

    2021-04-16 

    BNN BloombergOne of the world’s biggest proxy-advisory firms, Institutional Shareholder Services, recommended investors vote against proposals filed with Goldman Sachs Group Inc. and other companies calling for them to undergo independent racial audits. 

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    Women Still Underrepresented in Boardrooms Despite 'Comply-or-Explain' Rule: Study

    2021-04-14 

    BNN BloombergA study by an Ottawa think tank has found that women remain underrepresented in boardrooms of Canadian companies listed on the Toronto Stock Exchange, despite the 2015 introduction of disclosure requirements intended to boost their numbers. 

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    JPMorgan Chase Expands Deforestation Policies Under Shareholder Pressure

    2021-04-14 

    Eco-BusinessInvestment group Green Century used a shareholder proposal strategy to request that JPMorgan Chase issue a public report, outlining how it could improve efforts to reduce negative impacts on biodiversity across its banking portfolios. 

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    New York Pension Fund Divests $7 Mln from Canadian Oil Sands Firms

    2021-04-13 

    ReutersNew York’s state pension fund is restricting investment in six Canadian oil sands companies because they have not shown they are prepared for a transition to a low-carbon future, the fund’s Comptroller Thomas DiNapoli said on Monday. 

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    SEC Identifies Potentially Misleading Claims by Funds Regarding ESG Investing Practices

    2021-04-12 

    ESG TodayThe U.S. Securities and Exchange Commission (SEC) issued a Risk Alert, highlighting its observations from recent examinations of investment advisers, registered investment companies, and private funds that offer ESG products and services. 

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    U.S. SEC Review of Socially Responsible Funds Finds 'Potentially Misleading' Claims

    2021-04-09 

    ReutersThe U.S. Securities and Exchange Commission on Friday said it has found “potentially misleading” claims and inadequate controls around investing environmental, social and governance (ESG) issues in a review of investment advisors and funds. 

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