Global Investors Increase Focus on Portfolio Emissions
With no drop-off in reported climate commitments, implementation is the next challenge, according to Robeco research.
News
Former Goldman Sachs MD Gets 10 Years for Embezzling From Malaysia’s 1MDB
Roger Ng allegedly laundered ill-gotten funds through financing ‘The Wolf of Wall Street.’
Ontario Pension to Invest Nearly $17 Billion in Green Investments by 2030
The strategy is part of Healthcare of Ontario’s plan to get its portfolio to net-zero greenhouse gas emissions by 2050.
Facebook Parent Company, CEO Zuckerberg Named in Human Trafficking, Child Exploitation Complaint
Investors from Rhode Island, Ohio and New Zealand filed suit against Meta Platforms in the Delaware Court of Chancery.
Fed Raises Rates as Expected, Stocks Tumble
Fed Chairman Jerome Powell emphasized that the Fed is monitoring the impact of recent banking events but is still committed to reducing inflation to 2%.
DOL Reopens Comment Period for New QPAM Proposal
A third comment period will remain open until April 6.
Norges Bank IM Names Malin Norberg Co-CIO of Asset Strategies
Norberg will share duties with Geir Øivind Nygård in the newly created position.
SEC Reopens Comment Period on Cybersecurity Rule
If approved, the rule would require certain actors to notify the SEC of a significant cyber event within 48 hours.
Despite Backlash, ESG Hiring Remains Elevated
Asset owners, consultants and asset managers are all engaged in an increasingly competitive fight for ESG talent.
Sovereign Wealth Funds’ Views on Climate Evolving Rapidly
Report finds tenfold jump in SWFs that see addressing climate change as consistent with their mandate.
Korean National Pension Fund Loses More Than 8% in 2022
Despite downturn, the $684.5 billion fund’s losses were offset by an increased allocation to alts.
SEC Proposes Updates to Cyber and Data Security Rules
One new rule from the SEC would update Reg SCI; the other would update Reg S-P, both to require more timely reporting of data breaches.
A New ‘Blueprint’ for Increasing Equity in Investing—and Why It Matters
Authors present their new Investor Blueprint for Racial and Economic Equity at NY Fed event.
Notre Dame Endowment Loses 6.9% in 2022
While a far cry from 2021’s 53.2% return, the pool outperformed its benchmark by 660 basis points.
19 Republican States Create Anti-ESG Alliance
The coalition led by Florida Governor Ron DeSantis outlined its policy goals in relation to ESG.