Walden Asset Management and CalSTRs Ask NAM Members Why They Support Main Street Investors Coalition

Walden Asset Management released this statement today: Investors led by Walden Asset Management and the California State Teachers’ Retirement System (CalSTRS) called on 45 companies sitting on the Executive Committee and Board of the National Association of Manufacturers (NAM) to end the trade association’s attacks on shareholders. The investors’ letter asks the companies to distance…

US SIF: Sustainable, Responsible, and Impact Investing Trends Report

US SIF has published a new report on sustainable, responsible, and impact investing trends, noting a one-third increase: The demand for sustainable and impact investing is growing—investors now consider environmental, social and governance (ESG) factors across $8.72 trillion of professionally managed assets, a 33 percent increase since 2014. Money managers and institutional investors are scrutinizing…

Main Street Investors and Its Affiliate Keep Trying, Keep #Failing

Two recent articles from the Main Street Investors Coalition and its affiliate, The American Council for Capital Formation, and our responses: The affiliate of the corporate-funded, lobbyist-led, climate change-denying, fake front group for corporate CEOs, the Main Street Investors Coalition, is run by the same director, funded by the same corporations, and has a similarly…

Another #Fail from A Main Street Investors Coalition Defender

Former communications consultant for the oil and gas industry David Blackmon tries to defend the corporate funded, lobbyist led, climate change denying Main Street Investors Coalition with a column in Forbes that describes VEA Vice Chair Nell Minow as “Neil Minow” and misgenders her as “he.”* The rest of the piece is equally sloppy, filled…

More Corp-splaining and Denial on ESG/SDG

Sean Di Somma, who has been commenting on my critiques of the fake, industry-funded front group Main Street Investor Coalition (hint: they are not from Main Street and they don’t have any investors representatives on their board), now is endorsing their agenda by complaining about ESG regulation and proxy advisors. So-called “environmental, social, and governance”…

Asset Owners Increasingly Rely on Sustainability Indicators

Morgan Stanley’s Sustainable Signals report finds that asset managers are increasingly relying on sustainability indicators. The survey polled 118 public and corporate pensions, endowments, foundations, sovereign wealth entities, insurance companies and other large asset owners worldwide and gathered insights about trends, motivations, challenges and implementation approaches in sustainable investing. By rounding out the sustainable investing…

Cambridge University throws weight behind impact investing | News | IPE

The council of Cambridge University has made a landmark commitment to addressing climate change in its £3bn (€3.4bn) endowment fund following months of pressure from students and staff.The council endorsed divestment from fossil fuels and encouraging environmental impact investment not only by the endowment fund (CUEF) but by investors generally.It also plans to hire an environmental,…

5050 Climate Project Report on Climate Change: Undisclosed Political Contributions, Lack of Board Oversight, Lack of Board Expertise

A new report out today from the  50/50 Climate Project finds that twenty-one of the largest energy and utility companies in the U.S. that have spent at least $670 million over six years to influence elections, regulators and lawmakers have limited board oversight of climate risk and political spending, and lack climate competent board members. These corporations face the…

New ABA Report on Climate Change and Sustainability Financial Reporting

VEA Vice Chair Nell Minow co-wrote one of the articles in this new American Bar Association report with 5050 Climate Project Executive Director Edward Kamonjoh. Also included, George Dallas on “Climate Change as a Matter of Corporate Governance: An Investor Perspective.” “Climate Change and Sustainability Financial Reporting”