Illinois State Treasurer: Sustainability Report

Michael W. Frerichs of the Illinois State Treasurer’s Office has released the 2019 Annual Sustainable Investment Report.  An excerpt: – Passage of the Illinois Sustainable Investing Act – Spearheaded by Treasurer Frerichs, Illinois became the first state in the nation to pass a law establishing a framework for public fund managers to integrate sustainability factors in their…

DOL Proposal to Weaken Fiduciary Standards

Fact sheet from the Consumer Federation of America: On June 29th, the Trump Administration rolled out a new regulatory package for retirement investment advice that, if finalized, would allow brokers and insurers to siphon billions of dollars a year out of the retirement accounts of hard-working Americans, putting their ability to afford an independent and…

SEC Report: U.S. Investors’ Exposure to Domestic Chinese Issuers

The accounting fraud at Lukin Coffee is just the latest reason to raise concerns about investment risks in Chinese companies. The SEC has issued a new report that includes the exposure of the biggest pension funds in the UA. Excerpts here (footnotes omitted), full report below. More than 150 China-based companies with a combined market…

Climate Change Is a Business Risk – MarketWatch

A new report from Ceres, a global sustainability nonprofit where I serve on the board, describes the systemic threat that climate change poses to financial markets. The impacts—storms, wildfires, rising sea levels, and more—are multiplying, intensifying, and combining in ways that affect asset valuations, public health, worker productivity, and economic stability. The report provides more…

How Investors Are Addressing Racial Injustice – The New York Times

Socially responsible investing has been putting billions of dollars to work for social change for decades. In some cases, the strategy means avoiding certain sectors. Religious organizations, for instance, steer clear of alcohol, firearms, tobacco and other “sin” stocks. Some investors focus on companies that are already socially responsible to help them thrive, while starving…