Kurt Schacht:

The Labor Department Is Tearing Down a Landmark of Investor Protection Kurt N. Schacht, head of policy for the CFA Institute and former chair of the SEC Investor Advisory Committee. writes in Barron’s: Corporate governance and shareholder rights have seldom witnessed an assault on investor protection like the current federal government’s onslaught. Whether weakened rules…

Fidelity, BlackRock Reject Trump Limits on 401(k) ESG Investing – Bloomberg

The world’s largest asset managers are speaking out against a Trump administration plan that would make it more difficult for them to incorporate environmental, social and governance factors when making investment decisions, a move that could limit green investing in 401(k) plans. Fidelity Investments wrote in an 11-page letter to the U.S. Department of Labor that the…

CERES Ties Governance to Environment

From Ceres, a new report called Blueprint for Responsible Policy Engagement on Climate Change. The full report is below. An excerpt: Companies that establish robust governance systems to address climate change as a systemic risk and align their direct and indirect lobbying efforts to support science-based climate policies will drive the creation of a regulatory…

Investors Want ESG Targets in CEO Pay

From Veritas The investor landscape around ESG (Environmental, Social, and Corporate Governance) metrics in executive compensation programs is quickly evolving as institutions are pressured to set stricter, and more public, policies covering this formerly niche area, rating agencies are increasingly reporting on the use of ESG executive compensation metrics, and there are a growing number…

MSCI Launches Climate Change Indexes for China Stocks – The New York Times

MSCI published two climate change indexes on Tuesday that allow investors in China stocks to lean toward companies with lower carbon emissions. The move represents MSCI’s efforts to promote environmental, social and governance (ESG) standards in China, where the government seeks a difficult balance between reducing pollution and sustaining growth in a coronavirus-hit economy. The…