Newsmakers
US State Treasurers and NYC Comptroller Respond to Anti-ESG Efforts
Letter criticizes short-term thinking that ‘imposes an ideological screen on an investment manager’s ability.’
Tag: ESG
Newsmakers
Deutsche Bank Completes Global CIO Team
Appointment of CIO for Middle East, Africa and Europe, excluding Germany, rounds out six-member team.
Asset Allocation
2022 Not-for-Profit Investment Survey Finds Significant Presence in Private Markets
The trend coincides with an increased awareness of and emphasis on environmental, social and governance issues.
So Are ESG Investments Lousy, or Not?
Governor Ron DeSantis and other GOP pols seek to stamp out sustainability-minded investing, charging that it delivers poor results.
Asset Allocation
CalSTRS Moves to Lower Holdings of Carbon Emitters
Pension fund wants to halve its investment exposure to them by 2030.
Research
Public Funds Are Among Strongest Backers of ESG Resolutions
State and local pension funds favor environmental, social and governance shareholder resolutions at higher rates than do general shareholders, Morningstar research shows.
Newsmakers
Robert Wood Johnson Foundation Seeks New CIO
The $12.7 billion foundation is looking to replace Brian O’Neil, who is retiring at the end of the year.
Newsmakers
ESG Head Leaves Texas Teachers’ Pension
The Teacher Retirement System of Texas is required by law to boycott companies that divest fossil fuels.
Asset Allocation
DeSantis and Allies Bar Florida SBA from ESG Investing
The governor contends that applying climate and racial sensitivity to asset allocation could harm financial performance.
Newsmakers
19 GOP Attorneys General Slam BlackRock Over ESG Investments
‘Fiduciary duty is not lip service,’ says August 4 letter, which is addressed to CEO Larry Fink and seeks ‘clarification on actions that appear to have been motivated by interests other than maximizing financial return.’
Newsmakers
Governor Moves to Bar Florida SBA From ESG Investing
Although the state's funds are hardly a hotbed of climate activism, DeSantis joins other GOP pols in opposing ‘woke capital.’
Asset Allocation
Buffett, Who Terms ESG Reporting ‘Asinine,’ Adds to Oil Holdings
Famed investor increases his stake in Occidental Petroleum.
Asset Allocation
Allocators Still Skeptical That ESG Can Deliver Good Returns
Some 58% of US institutions are unsure about investment performance, a survey says.
Risk
CalSTRS Votes on Record Number of Shareholder Proposals
The $315 billion pension fund has voted on more than 1,000 shareholder proposals during the 2022 proxy season, many of them climate-related.
Asset Allocation
Northwestern Sets New Fossil Fuel Investment Guidelines
The university says it will also boost investments in cleaner energy companies.