Regulation
Republicans and Democrats Continue to Speak Past Each Other on ESG
Future ESG policy is likely to be influenced more by which party is in power than by its actual merits.
Tag: environmental
Risk
Due Diligence: Using ESG as a Risk Mitigator
Although seldom apparent in financial statements, environmental, social and governance deficiencies can come out of nowhere and slam investors.
Asset Allocation
DeSantis Signs Florida Anti-ESG Bill Into Law
Governor hopes to provide a ‘blueprint’ for other states looking to prohibit sustainable investing.
Regulation
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.’
Asset Allocation
Japan GPIF Invests $3.7 Billion in Morningstar Gender Diversity Index
The index is designed to emphasize Japanese companies with strong gender and diversity policies.
Research
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.
Regulation
UK Pension Regulator Targets Plans for Climate, ESG Non-Compliance
TPR is warning trustees they could be fined up to £50,000 if they don’t provide key ESG data.
Pensions
Swedish Pension AP1 Loses 8.6% in 2022
Despite alts gains, fixed income and equities weigh down portfolio, contributing to investment losses of nearly $4 billion for the year.
Newsmakers
Indiana Amends ESG Bill to Exclude Private Markets
Changes mean legislation will cost state pension fund $5.5 million over 10 years instead of $6.7 billion.
Pensions
Indiana Anti-ESG Bill Could Cost State Pensions $6.7 Billion Over 10 Years
Bill aimed at protecting pensions’ financial interest may instead box them out of lucrative private markets.
Newsmakers
Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.
Newsmakers
Ontario Teachers’ Pension Plan Names Anna Murray Head of Sustainable Investing
The former head of ESG at Sun Life Capital Management will lead the $178.6 billion pension fund’s climate strategy.
Asset Allocation
Vatican Publishes Ethical Investing Guidelines
Church says underlying factors of ESG investing “resonate” with the aims of Catholic teachings.
Newsmakers
Alternative Asset Managers Launch ESG Disclosure Tool
Template aims to improve transparency and consistency for companies and credit investors.
Newsmakers
Missouri Divests $500 Million From BlackRock as GOP Backlash Over ESG Grows
In less than a month, four states have pulled over $1.5 billion out of BlackRock investments in protest over a ‘woke political agenda.’