Newsmakers
DOL’s Releases Final ESG Rule for ERISA Plans
Plan sponsors can consider climate and other ESG factors when selecting investments and voting proxies.
Tag: ESG
Newsmakers
Alternative Asset Managers Launch ESG Disclosure Tool
Template aims to improve transparency and consistency for companies and credit investors.
Risk
Exploring ESG Investing: Political Agenda or Economic Factor?
An expert panel lays out what they think ESG really is and how it differs from other socially informed investment strategies.
Regulation
Republican Senators Escalate Warnings to ESG Actors
New warnings of investigations and hearings for ESG actors arrive from Republican Senators.
Newsmakers
New Zealand Super Fund Reports -6.99% Loss in Fiscal 2021
The New Zealand Super Fund’s assets fell to NZ$55.7 billion ($32.2 billion) during fiscal year 2021, while the fund reoriented the portfolio towards sustainability and moved forward on Diversity, Equity, and Inclusion.
Asset Allocation
Chicago Teachers’ Pension Fund to Reorientate Portfolio to Fully Offset Fossil Fuel Investments
The fund plans to divest its $350 million holdings in fossil fuel related equity and debt and reinvest towards renewable energy sources by the end of 2027.
Global Biodiversity: A Stable Ecosystem Yields Stable Economics
The U.N. General Assembly unveiled a 10-point plan on financing biodiversity, showing how reversing biodiversity loss helps stop the spread of poverty.
Risk
Republican Committee Control Presents “Headline Risk” for ESG, Says Investment Bank
Managers at firms with an ESG strategy should expect to be summoned to committee hearings should the Republicans take either house.
What Consultants Tell Clients About Navigating Treacherous ESG Shoals
Asset allocators and managers need guidance at a time sustainability has become a hot political topic.
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.’
Asset Allocation
Canadian Pension Giant Expects Carbon Neutral Internal Ops by 2023
The $392 billion CPPIB also said it will nearly double its investments in green and transition assets by 2030.
Asset Allocation
Louisiana Divests Nearly $800 Million from BlackRock to Protect Fossil Fuel Industry
Treasurer John Schroder calls ESG investing a threat to democracy and individual liberty.
Asset Allocation
Pennsylvania SERS Approves $225 Million in Private Market Investments
The new mandates include allocations to private equity, infrastructure and a co-investment.
Asset Allocation
Japan’s GPIF Joins ESG Benchmark
Pension giant hopes to encourage the disclosure of ESG data.
Newsmakers
Utah Treasurer Pulls $100 Million Out of BlackRock in ESG Protest
Marlo Oaks is ‘committed to pushing back against ESG,’ which he claims is a left-wing political agenda.