Tag: ESG

Newsmakers January 27, 2023

25 States and 3 Fossil Fuel Industry Actors Sue to Block DOL Rule Permitting ESG Investing

The lawsuit seeks an injunction against the rule, set to take effect Monday, which would allow ESG considerations in retirement plan investment decisions.

Regulation January 26, 2023

No Smoke and Mirrors Here: Good ESG Ratings Help Stock Prices, Bad Grades Hurt Them

In the culture wars’ latest front, how sustainable principles affect equities is a burning topic addressed in a recent research study.

Research January 26, 2023

ESG Themes to Be Aware of in 2023

Top concerns for ESG investing in 2023 include net-zero emissions targets, employee well-being and data scarcity, according to one annual global outlook.

Newsmakers January 5, 2023

New York City Retirement Systems Emphasized Sustainable Stakeholder Value in 2022

Comptroller Brad Lander prioritized DEI reporting standards and combated legal opportunistic insider trading at portfolio companies.

Newsmakers December 9, 2022

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.

Newsmakers December 9, 2022

Vanguard Withdraws from Net Zero Group After State Pressure

Utah attorney general takes credit for getting Vanguard to review its relationship with Net Zero Asset Managers initiative.

Regulation December 6, 2022

Goldman Sachs Agrees to Pay $4 Million to SEC for ESG Violations

The investment bank agreed to the penalty and a cease-and-desist order without admitting fault for allegedly violating their ESG research policies.

Regulation December 2, 2022

Congressional Republicans Take Aim at SEC Climate Disclosure

Three bills have been proposed since late September which seek to limit or prevent the SEC’s ability to require climate change-related disclosure.

Research December 2, 2022

Global Asset Allocators Continued to Grow in 2021, Hitting Almost $26 Trillion

WTW study shows the 9% pace wasn’t as high as 2020’s for the top 100 funds, but was still impressive.

Newsmakers December 2, 2022

BlackRock’s Red-State Woes Continue as Florida Divests

Florida’s CFO freezes assets managed by BlackRock and says by early 2023, the state will have divested fully from the world’s largest asset manager.

News December 1, 2022

Ontario Teachers’ Pension Plan Invests in Scottish Hydroelectric Transmission System

The pension fund will pay $2.4 billion for 25% of SSEN Transmission, continuing the plan’s allocation to infrastructure, which has increased 60% since 2017.

Asset Allocation November 30, 2022

Vatican Publishes Ethical Investing Guidelines

Church says underlying factors of ESG investing “resonate” with the aims of Catholic teachings.

Regulation November 29, 2022

Mid-Terms Could Lead to More Regulation than Legislation

Republicans winning control of the House could force the Biden Administration to rely even more on regulations.

Regulation November 23, 2022

Final DOL Rule Permits ESG in ERISA Plans

The DOL published a final rule that makes it easier for sponsors to take ESG factors into account in investments and shareholder activism, reversing a Trump-era rule.

Asset Allocation November 23, 2022

University of Texas System’s Oil and Gas Participation Fuels Bid to be Biggest Endowment

The University of Texas System endowment’s oil and gas revenues from its 2.1 million acres of land in the West Texas Permian Basin has it competing with Harvard for biggest endowment by net assets.