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ESG Newsletter

    Hedge Fund Giant Bridgewater Makes Sustainability Splash with New Multi-asset Strategy

    2021-07-20

    Hedge Week: The Lyxor/Bridgewater All Weather Sustainability Fund – which is managed by Lyxor Asset Management and sub-advised by Bridgewater – is built around Bridgewater’s pioneering systematic research process, and will use the hedge fund giant’s “All Weather” asset allocation framework to engineer its portfolio.

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    BlackRock Cites Corporate Governance 'Concerns' for Voting Against 10% of Directors' Elections

    2021-07-20

    Investment Week: The latest BlackRock Investment Stewardship (BIS) report for the 2020-21 proxy voting year revealed that BIS voted on more than 64,000 director elections, voting against 10% for "falling short of our expectations".

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    NAPA Launches ESG(k) Certificate Program for Advisors

    2021-07-14

    NAPA: Amid growing interest in Environmental, Social and Governance investing among plan sponsors and participants, the National Association of Plan Advisors has launched a new certificate program designed to help advisors educate them and evaluate ESG alternatives.

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    Wellington Management Partners with Enel Green Power North America to Match U.S. Employees' Office and Home Electricity Use With Renewable Energy

    2021-07-14

    Cision: Enel Green Power North America and Wellington Management have agreed to terms for a 10-year virtual power purchase agreement (VPPA) for an 11 MW portion of the energy delivered to the grid by Enel Green Power's Rockhaven wind project. The arrangement, which is subject to definitive agreements, covers approximately 48 GWh of wind energy annually and the associated renewable energy certificates (RECs) are equivalent to avoiding 30,000 tons of CO2 from the atmosphere each year.

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    Al Gore Warns Greenwashing May Stop the Climate Fight in its Tracks

    2021-07-13

    BNN Bloomberg: Al Gore warned that the “the mounting threat of greenwash” poses a significant and increasing risk to a successful transition away from fossil fuels.

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    Patchwork of ESG Ratings Sow Investor Confusion as Flows Surge

    2021-07-08

    BNN Bloomberg: As trillions of dollars flow into ESG strategies, global investors are becoming frustrated with the hodge-podge of standards and ratings designed to guide their allocation decisions and are clamoring for more uniform rules.

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    CFA Society's Goodhart: Diversity and Inclusion Must Remain Profession's Top Priority

    2021-07-07

    Investment Week: The investment sector’s focus on climate change is overdue, but while it is necessary to address climate, we must ensure that diversity and inclusion (D&I) considerations do not get forgotten.

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    The Case Against Fossil Fuel Divestment

    2021-07-07

    BNN Bloomberg: The Maine Public Employees Retirement System can’t simply jettison investments in atmosphere-warming items such as coal, petroleum and natural gas. Since the fund’s “primary duty” is to the monetary wellbeing of retirees and members, it’s barred from selling any securities unless it’s in their “best financial interest,” explained MainePERS Executive Director Sandy Matheson.

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    AMG CEO on Parnassus Deal: ‘Active Management is Almost Synonymous with ESG’

    2021-07-06

    Institutional Investor: Affiliated Managers Group and Parnassus Investments — the largest U.S. asset manager focused purely on environmental, social, and governance — have been talking about a potential deal for 10 years. This month the two reached an agreement.

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    GOP Senators Ask Whether ESG Investing Hurts Federal Retirement Savers

    2021-07-01

    Investment News: Two leading Republican lawmakers on the Senate’s banking and government oversight committees are warning that a commitment to environmental, social and governance investing by two giant asset managers could be diminishing the retirement savings of federal employees.

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