Institutional Asset Manager: The ‘social premium’ for investing in companies with good or improving social practices is rising, according to new research from US-based asset manager Federated Hermes.
Yahoo!: BlackRock Inc. Chief Executive Officer Larry Fink said his firm will consider eliminating its political action committee after last week’s attack at the U.S. Capitol.
Bloomberg: Few of their members have the background to truly get what’s at stake, a new study shows. [Full article available to Bloomberg subscribers.]
Funds Europe: Three private equity firms are among a series of backers to sponsor diversity group Black Women in Asset Management (BWAM).
GreenBiz: The incoming Biden administration has set an ambitious target of carbon-free power production in the U.S. by 2035. Achieving this lofty goal will require a step-change in how this country plans and makes investments to modernize the nation’s electric grid. With the right policies in place, the clean energy economy also could be the cornerstone of the U.S. economic recovery.
Bloomberg: For all the talk about ESG, the U.S. is a real laggard. With many U.S. money managers still struggling with the trade-off between generating returns and taking environmental, social and governance factors seriously, European firms have built a seemingly unassailable lead in the booming $40 trillion sustainable finance industry. [Full article available to Bloomberg subscribers.]
Bloomberg: For all the talk about ESG, the U.S. is a real laggard. With many U.S. money managers still struggling with the trade-off between generating returns and taking environmental, social and governance factors seriously, European firms have built a seemingly unassailable lead in the booming $40 trillion sustainable finance industry. [Full article available to Bloomberg subscribers.]
BNN Bloomberg: In the past week, Macquarie Asset Management, the New York State Common Retirement Fund and a group of 30 fund management companies have come out with statements saying they’re serious about getting the world to net-zero emissions.
Bloomberg: Sales of sustainable and project bonds in Canada are expected to take off next year after companies issued a record amount of corporate debt in 2020 to bolster cash reserves and push out maturities. [Full article available to Bloomberg subscribers.]
Funds Europe: Two of the world’s largest fund managers have been accused of undermining their public statements in support of racial justice by allegedly voting against shareholder efforts for racial equity.
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