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ESG Newsletter

    BlackRock Must Hit ESG Targets or Pay More to Borrow Money

    2021-04-07 

    Wall Street Journal: The money manager and its lenders tied costs around a $4.4 billion credit facility to BlackRock’s diversity and sustainability goals. [Full article available to Wall Street Journal subscribers.] 

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    PSP and Trinitas Accused of Greenwashing Hawaiian ESG Investment

    2021-04-06 

    Institutional InvestorA Canadian pension fund and its private equity partner come under fire. 

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    BlackRock Pledges to Conduct a Racial Audit of Its Business

    2021-04-06 

    Yahoo! Finance: BlackRock is one of the first major investment firms set to conduct an independent audit of how its business may have contributed to racial inequities in the financial system, Bloomberg News reported. 

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    Why a Distressed Credit Manager Is Taking on ESG

    2021-04-05 

    Institutional Investor: With backing from Investcorp-Tages, DSC Meridian’s Sheru Chowdhry is hoping to fill the void for ESG credit strategies. 

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    Companies Say Black Lives Matter. Investors Say Prove It.

    2021-04-01 

    GreenBiz: After the murder of George Floyd in May, Amazon’s official Twitter account tweeted: "Together we stand in solidarity with the Black community — our employees, customers and partners — in the fight against systemic racism and injustice." 

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    Goldman CEO to Junior Bankers: We Are Sending You More Resources

    2021-03-22 

    Reuters: Goldman Sachs Group Inc’s CEO responded to complaints from junior bankers by saying management is going to work harder to give them Saturdays off and to shift bankers from other divisions to the busiest teams in the investment bank, according to a transcript of a call seen by Reuters on Monday. 

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    At BlackRock, New Accusations of Discrimination and Harassment Are Met with Contrition

    2021-03-22 

    Institutional InvestorInappropriate questions, sexual harassment, racial discrimination: The world’s largest asset manager confronts an ugly past. 

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    BlackRock Ups Focus on 'Natural Capital' Ahead of AGM Season

    2021-03-18 

    Yahoo! FinanceBlackRock on Thursday warned companies that rely on nature or have an impact on natural habitats to publish a "no deforestation" policy and their strategy on biodiversity or face pushback from the asset manager at their annual meetings. 

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    U.S. Markets Regulator Deploys Team to Target Climate, ESG Misconduct

    2021-03-04 

    ReutersThe U.S. Securities and Exchange Commission has formed an enforcement task force to examine misconduct related to environmental, social and governance issues as the regulator ramps up a focus on climate and other hot-button topics. 

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    Goldman Follows Rivals in Setting Net-Zero Emissions Targets

    2021-03-04 

    BNN BloombergThree days after new Citigroup Inc. Chief Executive Officer Jane Fraser outlined a net-zero greenhouse-gas emissions target, Goldman Sachs Group Inc. CEO David Solomon is following suit. 

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