CalPERS Pledges to Boost Low-Carbon Assets to $100B
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.
ESG
Knowledge of ESG, Integration and Greenwashing Remains Low
Institutional investors lack a common understandings about defining and integrating sustainable investing, speakers at CIO's Navigating ESG Livestream event say.
ESG-Related Disclosure Will Inform Investors’ Future Focus
Panelists at CIO's Navigating ESG Livestream discussed how corporate sustainability regulations coming to Europe next year will affect companies and investors globally.
BlackRock to Develop World’s Largest Direct Air Capture Plant With Occidental
The asset manager is investing $550 million in a joint venture with the oil and gas giant’s 1PointFive subsidiary.
New Definitions Proposed for Responsible Investing
CFA Institute-led group seeks to provide verbiage for investors that promotes unifying around common, accurate and consistent definitions for responsible investment practices.
Greenwashing Among Banks, Financial Services Firms Jumps 70%
A RepRisk report finds nearly 1,900 companies linked to a risk incident involving misleading communications.
Most Asset Owners Seek to Implement ESG Strategy, Says Morningstar
The 2023 Voice of the Asset Owner survey probes views on developing ESG investment strategies.
Tom Steyer Closes $1B Climate Fund
The Innovation + Expansion Fund from Galvanize Climate Solutions will invest in climate startups.
Mercer Launches Catalytic Investment Exchange to Support Energy Transition Projects
The project will bring together deal sponsors and direct investors to navigate investments.
Shareholder Proposals Increase, Yet Few Gain a Majority
Environmental and social resolutions boosted the number of filings this spring, ISS says, while anti-E&S resolutions also shot up.
Church of England Organizes $128M Fund Addressing Ties to Slave Trade
The investment and grant fund will focus on projects to help communities ‘adversely impacted’ by the ‘appalling evil’ of human bondage.
Barr Introduces Another Anti-ESG Bill in House
Mirroring language from Trump-era rules, the Ensuring Sound Guidance Act would require that only pecuniary factors be considered by fiduciaries in investment decisions.
Earnings Calls Include Fewer ESG Mentions, but Talk of AI Is Rising
While political controversy dogs green initiatives, artificial intelligence replaces them as the new popular topic.
Green-Minded Church of England Opposes Shell Directors in Proxy Fight
The religious body’s pension plan accuses the oil giant of pulling back from its environmental pledges.
Kansas Governor Allows Anti-ESG Bill to Become Law
Laura Kelly neither vetoes nor signs bill, permitting its implementation despite ‘reservations about the potential unforeseen consequences.’