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ESG Newsletter

    Climate Adaptation Should Be a Public Good, Not an Asset Class

    2021-05-07

    BNN Bloomberg: In the run up to the 2020 U.S. election, a meme started making the rounds on Twitter. “Transport is climate policy,” someone would tweet above an article about subway improvement. “Childcare is climate policy,” they’d say about a paid maternity leave proposal. The quip applied to almost everything—even voting by mail.

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    BlackRock Backed Climate Proposals, But Key Votes Are Yet to Come

    2021-05-05

    Yahoo Finance: BlackRock Inc. disclosed that over the first three months of the year, it voted for a majority of shareholder proposals advocating sustainability-related changes at the companies whose shares it holds. But with key votes looming at major polluters, including oil heavyweight Exxon Mobil Corp., activists say that the firm’s true climate commitments haven’t yet been tested.

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    Blackstone Asks its Companies to Regularly Report on Sustainability

    2021-05-03

    Nasdaq: Blackstone Group Inc BX.N has for the first time asked executives in companies controlled by its private equity arm to regularly report on environmental, social and governance (ESG) matters to their boards, according to a letter seen by Reuters.

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    There’s No Hotter Area on Wall Street Than ESG with Sustainability-focused Funds Nearing $2 Trillion

    2021-04-30

    CNBC: Sustainability-focused funds attracted record inflows during the first quarter, pushing global assets under management in ESG funds to nearly $2 trillion, according to a report from Morningstar released.

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    100 Days Later, Is Sustainable Investing Any Easier?

    2021-04-29

    Institutional Investor: Who the president is matters to sustainable investing. One hundred days into Joe Biden’s presidency, his administration’s executive orders and agency actions have reinstated and advanced an environment that empowers sustainable investing. 

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    How One of Canada’s Largest Pension Funds Is Incorporating ESG in Its Portfolio

    2021-04-29

    Institutional Investor: As allocators and fund managers alike scramble to incorporate diversity and climate change into their strategies, one of Canada’s largest asset owners has released its latest report on how, exactly, a C$365.5 billion pension fund does it.  

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    Goldman, Citi Stave Off Outsize Investor Calls for Racial Audits

    2021-04-29

    BNN Bloomberg: Initial calls for racial audits at Wall Street banks and other corporations were rejected by shareholders, but support was high enough that companies are likely to face increased pressure to agree to future reviews.

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    Wall Street’s Trillion-dollar ESG Club Comes with Huge Tax Perks

    2021-04-23

    BNN Bloomberg: Bank of America Corp. sparked a stir in January -- and a little envy -- with just a few lines of disclosure in its fourth-quarter earnings report.

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    Investors Pressure Corporate America With Record Diversity Push

    2021-04-22

    Financial Post: Shareholders are making their biggest push yet into getting corporate America to look more like America.

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    SEC Targets Greenwashers to Bring Law and Order to ESG

    2021-04-21

    BNN Bloomberg: Since late February, the U.S. Securities and Exchange Commission has issued at least five public statements spelling out the wide variety of climate-related risks facing businesses and investors. It’s also warned the money-management industry about mislabeling ESG funds as being green when they really aren’t at all.

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