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ESG Newsletter

    Crashed Servers. Social Media Mobs. A Racist 911 Rant.

    2020-05-26

    Institutional Investor: “That lady in Central Park is a PM at an asset manager,” one chief investment officer tweeted Monday night, followed by a facepalm emoji. 

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    SEC Urged To Take Global Lead In Requiring ESG Disclosures

    2020-05-21

    Forbes: The Securities and Exchange Commission should take the global lead in mandating material ESG (Environmental, Social and Governance) disclosures, the SEC’s Investor Advisory Committee (IAC) urged today.

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    State Treasurers Join Critics of J.P. Morgan Fossil Fuel Financing

    2020-05-14

    Pensions & Investments: Eight state treasurers have joined other institutional shareholders in pushing J.P. Morgan for governance reforms to address climate change.

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    JPMorgan Chase Removes Former Oil Boss From Lead Director Role

    2020-05-03

    Financial Times: JPMorgan Chase has promised to announce a new lead independent director by the end of September, bringing an end to the 19-year tenure of former ExxonMobil chief Lee Raymond and satisfying demands for change led by New York City’s comptroller and climate groups. [Full article available to Financial Times' subscribers.]

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    NYC Pensions Urge JPMorgan Investors to Push Lee Raymond Off Board

    2020-04-22

    Bloomberg: The officials who oversee New York’s city and state pensions are joining a push to remove Lee Raymond, JPMorgan Chase & Co.’s longest-serving director, from the bank’s board due to his track record on climate change.

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    Senators Send Competing Letters to Fed on Climate Risk of 3 New Programs

    2020-04-21

    Pensions & Investments: U.S. senators have sent competing letters to Federal Reserve Chairman Jerome Powell regarding climate risk in BlackRock's management of the Fed's three new programs aimed at supporting the U.S. economy amid the coronavirus pandemic.

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    The Small Hedge Funds That Won Big by Betting Against Shale

    2020-04-21

    Bloomberg: When Billy Bailey first pitched betting against shale stocks to oil tycoon T. Boone Pickens, crude prices were above $70 a barrel and the fracking boom was in the first few years of its life.

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    Citi Vows to Stop Working with Thermal Coal-Mining Companies

    2020-04-20

    Bloomberg: Citigroup Inc. will stop providing financial services to thermal coal-mining companies over the next 10 years to help accelerate the economy’s shift away from fossil fuels.

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    As Funds Jump on the ‘Sustainable’ Bandwagon, Regulators Raise Concerns

    2020-04-05

    The Wall Street Journal: Last year, 11 mutual funds in the U.S. rebranded themselves or changed their strategy to emphasize interest in environmental, social and governance, or ESG, on the part of the companies that they held.

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    Hedge Fund Alden Global Forces Layoffs of ‘Essential Workers’ Mid-Pandemic

    2020-04-03

    Institutional Investor: The hedge fund that’s vacuumed up almost 100 local newspapers hit its Southern California papers with another round of layoffs Thursday, cutting jobs that the state deems “essential” in fighting the pandemic. 

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