.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Harvard Business Review: Over the last decade, U.S. venture capital investments quadrupled, the number of businesses started by women grew to 40%, and we’ve seen growth in the number of entrepreneurs of color. However, the percentage of venture capital dollars going to women-founded companies has barely budged since 2012, and the numbers are even worse for Black and Latinx founders — only 1% of VC-backed founders are Black, and less than 2% are Latinx.
Institutional Investor: A proposal from the DOL seeks to block 401(k) plans from offering ESG funds. US SIF’s Lisa Woll and former Department of Labor deputy assistant secretary Judy Mares say such a move would harm the very investors the department is meant to protect.
Reuters: One of the world’s leading investor groups pushing for more corporate action on climate change said it has added Mexican state-owned oil company Petroleos Mexicanos (Pemex) to its list of targets.
GreenBiz: In the latter part of 2016, Ethan Steinberg and two of his friends planned a driving tour across the United States to interview farmers. Their goal was to solve a riddle that had been bothering each of them for some time. Why was it, they wondered, that American agriculture basically ignored trees?
Top 1000 Funds: CalPERS has a moral imperative to confront racism and economic inequality, according to its chair and president, Henry Jones, who spoke to Amanda White in a Sustainability in a time of crisis podcast.
GreenBiz: Morgan Stanley has become the first major U.S. bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting.
Top 1000 Funds: Investors have only a few days to comment on the US Department of Labor’s proposed amendment to investment duties regulation and ESG – which many believe is out of step with the market and potentially damaging to retirees’ retirement income – with the window for comment closing on July 30.
The Washington Post: In tightknit social media groups and private email chains, black entrepreneurs share their Silicon Valley stories. It often starts with a racist comment from a venture capitalist or a subtle jab that reveals a deep bias. The stories usually have the same ending: a decision to pass on investing.
Institutional Investor: Investors including California’s $246 billion teachers’ pension fund sent letters Tuesday to the heads of the U.S. Federal Reserve, Securities and Exchange Commission, and other major financial agencies calling for regulatory action on climate change.
Bloomberg: Brookfield Asset Management Inc. and Canada Pension Plan Investment Board joined more than 200 Canadian organizations in promising to fill at least 3.5% of their top executive and board roles with Black leaders by 2025.
Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →
Montreal
1080 Côte du Beaver Hall, Suite 904
Montreal, QC
Canada, H2Z 1S8
+1-450-465-8880
Halifax
168 Hobsons Lake Drive Suite 301
Beechville, NS
Canada, B3S 0G4
Tel: +1 902 429 8880
Manila
10th Floor, Two Ecom Center
Mall of Asia Complex
Harbor Dr, Pasay, 1300 Metro Manila
Philippines
Sydney
Level 15 Grosvenor Place
225 George Street, Sydney NSW 2000
Australia
Tel: +61 (2) 8823 3370
Abu Dhabi
Floor No. 15 Al Sarab Tower,
Adgm Square,
Al Maryah Island, Abu Dhabi, UAE
Tel: +971 (2) 694 8510
Copyright © 2021 Entreprise Castle Hall Alternatives, Inc. All Rights Reserved.
Terms of Service and Privacy Policy